Jessup Wealth Management Inc Lowers Position in KKR & Co. Inc. (NYSE:KKR)

Jessup Wealth Management Inc decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,613 shares of the asset manager’s stock after selling 235 shares during the quarter. KKR & Co. Inc. makes up 2.8% of Jessup Wealth Management Inc’s portfolio, making the stock its 15th biggest holding. Jessup Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $6,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning raised its position in shares of KKR & Co. Inc. by 14.9% during the 3rd quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock valued at $9,027,000 after purchasing an additional 8,964 shares during the period. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of KKR & Co. Inc. by 7.4% in the third quarter. Sequoia Financial Advisors LLC now owns 14,604 shares of the asset manager’s stock valued at $1,907,000 after acquiring an additional 1,007 shares in the last quarter. Signaturefd LLC boosted its stake in shares of KKR & Co. Inc. by 16.5% in the third quarter. Signaturefd LLC now owns 8,104 shares of the asset manager’s stock worth $1,058,000 after acquiring an additional 1,149 shares during the period. Finally, Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $34,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. Morgan Stanley lowered their price target 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. 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. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $138.56 on Thursday. The company has a market capitalization of $123.07 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 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 stock’s fifty day moving average is $151.41 and its two-hundred day moving average is $140.91.

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 issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.51%. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. 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.