Ieq Capital LLC Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Ieq Capital LLC reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 69.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,869 shares of the asset manager’s stock after selling 11,251 shares during the period. Ieq Capital LLC’s holdings in KKR & Co. Inc. were worth $720,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its position in KKR & Co. Inc. by 5.6% in the fourth quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager’s stock valued at $2,669,000 after acquiring an additional 953 shares during the last quarter. Financial Perspectives Inc acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $166,000. Financial Management Network Inc. increased its stake in KKR & Co. Inc. by 13.2% in the fourth quarter. Financial Management Network Inc. now owns 13,927 shares of the asset manager’s stock valued at $2,117,000 after purchasing an additional 1,624 shares during the period. Global Retirement Partners LLC increased its stake in KKR & Co. Inc. by 98.8% in the fourth quarter. Global Retirement Partners LLC now owns 7,912 shares of the asset manager’s stock valued at $1,170,000 after purchasing an additional 3,933 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $238,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 1.2 %

Shares of NYSE:KKR opened at $129.57 on Wednesday. The company’s fifty day moving average is $149.61 and its 200-day moving average is $141.73. The company has a market capitalization of $115.09 billion, a PE ratio of 38.91, a P/E/G ratio of 1.00 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 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

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 given 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 0.54%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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 on the stock in a research note on Wednesday, February 5th. HSBC lowered shares of 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 note on Thursday, January 30th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their price target 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, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.