AMJ Financial Wealth Management Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

AMJ Financial Wealth Management cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,986 shares of the asset manager’s stock after selling 343 shares during the quarter. AMJ Financial Wealth Management’s holdings in KKR & Co. Inc. were worth $1,181,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Commerzbank Aktiengesellschaft FI lifted its holdings in KKR & Co. Inc. by 40.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,598 shares of the asset manager’s stock worth $534,000 after purchasing an additional 1,037 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of KKR & Co. Inc. by 7.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 331,005 shares of the asset manager’s stock valued at $48,959,000 after buying an additional 21,930 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager’s stock worth $557,965,000 after buying an additional 85,461 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of KKR & Co. Inc. by 9.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 38,542 shares of the asset manager’s stock worth $5,701,000 after buying an additional 3,471 shares in the last quarter. Finally, Schechter Investment Advisors LLC boosted its position in shares of KKR & Co. Inc. by 10.3% during the fourth quarter. Schechter Investment Advisors LLC now owns 1,966 shares of the asset manager’s stock worth $291,000 after acquiring an additional 184 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KKR shares. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reduced their price objective on 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. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Down 2.1 %

Shares of NYSE KKR opened at $132.78 on Tuesday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a 50-day simple moving average of $148.61 and a two-hundred day simple moving average of $142.20. The company has a market cap of $117.94 billion, a P/E ratio of 39.87, a PEG ratio of 1.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.