Transcend Capital Advisors LLC Sells 1,203 Shares of KKR & Co. Inc. (NYSE:KKR)

Transcend Capital Advisors LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 11.8% during the 4th quarter, HoldingsChannel reports. The firm owned 9,023 shares of the asset manager’s stock after selling 1,203 shares during the quarter. Transcend Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KKR. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $30,000. Eastern Bank purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at $34,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $40,000. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KKR shares. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Down 1.8 %

Shares of KKR & Co. Inc. stock opened at $132.17 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm’s 50-day moving average is $150.98 and its two-hundred day moving average is $140.86. The stock has a market cap of $117.40 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.03 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. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

About KKR & Co. Inc.

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.