KKR & Co. Inc. (NYSE:KKR) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 7.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,120 shares of the asset manager’s stock after selling 180 shares during the quarter. 44 Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $30,000. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter valued at about $34,000. Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at about $40,000. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.8 %

Shares of KKR opened at $132.17 on Friday. The stock has a fifty day moving average of $150.54 and a two-hundred day moving average of $141.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $117.40 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays dropped their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.