KKR & Co. Inc. (NYSE:KKR) Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,074 shares of the asset manager’s stock after selling 793 shares during the period. IFP Advisors Inc’s holdings in KKR & Co. Inc. were worth $5,927,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KKR. Allspring Global Investments Holdings LLC increased its holdings in shares of KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after purchasing an additional 503,365 shares during the period. State Street Corp increased its holdings in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after purchasing an additional 481,686 shares during the period. Geode Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the period. International Assets Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after purchasing an additional 339,946 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of KKR & Co. Inc. by 61.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager’s stock valued at $131,777,000 after purchasing an additional 338,019 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8 %

KKR & Co. Inc. stock opened at $132.17 on Monday. 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 capitalization of $117.40 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The stock’s fifty day moving average is $150.54 and its two-hundred day moving average is $141.26.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.