Connable Office Inc. Reduces Position in KKR & Co. Inc. (NYSE:KKR)

Connable Office Inc. cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,939 shares of the asset manager’s stock after selling 372 shares during the quarter. Connable Office Inc.’s holdings in KKR & Co. Inc. were worth $2,801,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KKR. Metis Global Partners LLC lifted its holdings in KKR & Co. Inc. by 6.1% during the 4th quarter. Metis Global Partners LLC now owns 30,346 shares of the asset manager’s stock valued at $4,488,000 after buying an additional 1,743 shares in the last quarter. West Michigan Advisors LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $325,000. Williamson Legacy Group LLC lifted its holdings in KKR & Co. Inc. by 4.3% during the 4th quarter. Williamson Legacy Group LLC now owns 8,244 shares of the asset manager’s stock valued at $1,219,000 after buying an additional 342 shares in the last quarter. US Bancorp DE lifted its holdings in KKR & Co. Inc. by 4.7% during the 4th quarter. US Bancorp DE now owns 53,186 shares of the asset manager’s stock valued at $7,867,000 after buying an additional 2,370 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $245,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.5 %

Shares of KKR & Co. Inc. stock opened at $135.57 on Friday. The firm’s 50 day moving average price is $148.93 and its 200-day moving average price is $141.76. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a market cap of $120.42 billion, a P/E ratio of 40.71, a PEG ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KKR shares. Barclays decreased 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 report on Wednesday, February 5th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price objective 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. Wells Fargo & Company reduced their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.