U S Global Investors Inc. Cuts Position in KKR & Co. Inc. (NYSE:KKR)

U S Global Investors Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 55.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,950 shares of the asset manager’s stock after selling 5,000 shares during the period. U S Global Investors Inc.’s holdings in KKR & Co. Inc. were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $40,000. Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of 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 purchasing an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.3 %

Shares of KKR opened at $132.23 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 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market cap of $117.45 billion, a PE ratio of 39.71, a P/E/G ratio of 1.00 and a beta of 1.67. The stock’s 50-day moving average is $149.17 and its two-hundred day moving average is $141.60.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a 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%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased 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. Finally, The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.