Retirement Systems of Alabama Sells 1,336 Shares of KKR & Co. Inc. (NYSE:KKR)

Retirement Systems of Alabama lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,157 shares of the asset manager’s stock after selling 1,336 shares during the period. Retirement Systems of Alabama’s holdings in KKR & Co. Inc. were worth $21,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KKR. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Finally, Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.5 %

Shares of NYSE:KKR opened at $151.51 on Friday. The stock’s 50-day simple moving average is $154.30 and its two-hundred day simple moving average is $139.14. The stock has a market capitalization of $134.57 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 0.96 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 debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KKR shares. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup lifted their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased 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. Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target 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.