Washington Trust Advisors Inc. Cuts Position in KKR & Co. Inc. (NYSE:KKR)

Washington Trust Advisors Inc. decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 28.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 546 shares of the asset manager’s stock after selling 222 shares during the period. Washington Trust Advisors Inc.’s holdings in KKR & Co. Inc. were worth $81,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at approximately $40,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. Finally, Farmers & Merchants Investments Inc. grew its position in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $115.92 on Friday. The business’s fifty day moving average price is $146.63 and its 200 day moving average price is $141.89. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The stock has a market capitalization of $102.96 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. 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. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective 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, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

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.