Private Wealth Partners LLC Sells 5,080 Shares of KKR & Co. Inc. (NYSE:KKR)

Private Wealth Partners LLC cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,595 shares of the asset manager’s stock after selling 5,080 shares during the quarter. KKR & Co. Inc. comprises 1.3% of Private Wealth Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Private Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $17,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. boosted its stake 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 worth $31,000 after acquiring an additional 85 shares in the last quarter. Eastern Bank purchased a new stake in KKR & Co. Inc. in the third quarter worth about $34,000. Finally, Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $40,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Citigroup raised their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. JMP Securities upped their price target 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. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 1.5 %

Shares of NYSE:KKR opened at $138.56 on Thursday. The stock’s 50-day simple moving average is $151.41 and its two-hundred day simple moving average is $140.91. The stock has a market capitalization of $123.07 billion, a price-to-earnings ratio of 41.61, a PEG 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 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. Shareholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.