Kentucky Retirement Systems Sells 638 Shares of KKR & Co. Inc. (NYSE:KKR)

Kentucky Retirement Systems trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,346 shares of the asset manager’s stock after selling 638 shares during the quarter. Kentucky Retirement Systems’ holdings in KKR & Co. Inc. were worth $6,855,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. lifted its position 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 last quarter. Sequoia Financial Advisors LLC increased its position in shares of KKR & Co. Inc. by 7.4% during the third quarter. Sequoia Financial Advisors LLC now owns 14,604 shares of the asset manager’s stock worth $1,907,000 after purchasing an additional 1,007 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of KKR & Co. Inc. by 16.5% during the 3rd quarter. Signaturefd LLC now owns 8,104 shares of the asset manager’s stock valued at $1,058,000 after purchasing an additional 1,149 shares during the last quarter. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Finally, BLB&B Advisors LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter worth $204,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $134.54 on Friday. The firm’s fifty day moving average is $151.41 and its two-hundred day moving average is $140.91. The firm has a market cap of $119.50 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.52%. KKR & Co. Inc.’s payout ratio is 21.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KKR shares. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut 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, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.