Bleakley Financial Group LLC Sells 2,074 Shares of KKR & Co. Inc. (NYSE:KKR)

Bleakley Financial Group LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,650 shares of the asset manager’s stock after selling 2,074 shares during the quarter. Bleakley Financial Group LLC’s holdings in KKR & Co. Inc. were worth $5,569,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. increased its holdings in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the period. Finally, Eastern Bank purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KKR shares. Oppenheimer lifted 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. TD Cowen upped their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised 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 report on Monday, November 11th. Finally, Citigroup upped their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.50.

KKR & Co. Inc. Trading Up 3.1 %

NYSE:KKR opened at $153.95 on Thursday. The company has a 50-day moving average price of $154.42 and a 200-day moving average price of $139.03. The stock has a market cap of $136.75 billion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $90.40 and a 12 month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

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.