ING Groep NV Has $2.51 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

ING Groep NV reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 17.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,950 shares of the asset manager’s stock after selling 3,482 shares during the quarter. ING Groep NV’s holdings in KKR & Co. Inc. were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Eastern Bank acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at approximately $34,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $132.17 on Friday. The stock has a 50-day simple moving average of $150.54 and a 200 day simple moving average of $141.04. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 1.00 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

KKR has been the subject of a number of recent research reports. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Morgan Stanley decreased 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price 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.