Menlo Advisors LLC Has $8.63 Million Position in KKR & Co. Inc. (NYSE:KKR)

Menlo Advisors LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,320 shares of the asset manager’s stock after selling 2,250 shares during the quarter. KKR & Co. Inc. comprises about 4.4% of Menlo Advisors LLC’s portfolio, making the stock its 8th largest holding. Menlo Advisors LLC’s holdings in KKR & Co. Inc. were worth $8,626,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pettinga Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $238,000. Janney Montgomery Scott LLC lifted its holdings in shares of KKR & Co. Inc. by 4.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 106,488 shares of the asset manager’s stock valued at $13,905,000 after buying an additional 4,763 shares during the period. Van ECK Associates Corp lifted its holdings in shares of KKR & Co. Inc. by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock valued at $2,378,000 after buying an additional 704 shares during the period. QRG Capital Management Inc. raised its holdings in KKR & Co. Inc. by 14.7% in the 3rd quarter. QRG Capital Management Inc. now owns 23,575 shares of the asset manager’s stock worth $3,078,000 after purchasing an additional 3,015 shares during the period. Finally, Hanseatic Management Services Inc. raised its holdings in KKR & Co. Inc. by 5.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 8,661 shares of the asset manager’s stock worth $1,131,000 after purchasing an additional 463 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $123.15 on Thursday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $109.38 billion, a PE ratio of 36.98, a P/E/G ratio of 1.00 and a beta of 1.72. The firm has a 50-day simple moving average of $147.36 and a 200 day simple moving average of $142.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) 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.