Walter & Keenan Wealth Management LLC IN ADV Sells 1,033 Shares of KKR & Co. Inc. (NYSE:KKR)

Walter & Keenan Wealth Management LLC IN ADV reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,303 shares of the asset manager’s stock after selling 1,033 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in KKR & Co. Inc. were worth $1,968,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at $31,000. Raleigh Capital Management Inc. increased its stake in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at about $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KKR shares. JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Barclays reduced their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Trading Down 1.9 %

NYSE:KKR opened at $148.65 on Monday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The firm has a 50-day moving average price of $153.85 and a two-hundred day moving average price of $139.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $132.03 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.