KKR & Co. Inc. (NYSE:KKR) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,675 shares of the asset manager’s stock after selling 4,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in KKR & Co. Inc. were worth $14,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Eastern Bank purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Bank of New Hampshire purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8 %

KKR & Co. Inc. stock opened at $132.17 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $117.40 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The business has a 50 day simple moving average of $150.54 and a 200-day simple moving average of $141.26. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

KKR & Co. Inc. Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on KKR shares. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

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.