KKR & Co. Inc. (NYSE:KKR) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 22.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,029 shares of the asset manager’s stock after selling 5,509 shares during the quarter. Checchi Capital Advisers LLC’s holdings in KKR & Co. Inc. were worth $2,815,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. National Pension Service boosted its holdings in KKR & Co. Inc. by 7.2% during the fourth quarter. National Pension Service now owns 1,267,741 shares of the asset manager’s stock worth $187,512,000 after buying an additional 84,964 shares in the last quarter. Fjell Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $565,000. Denali Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 131.8% during the 4th quarter. Denali Advisors LLC now owns 55,681 shares of the asset manager’s stock worth $8,236,000 after acquiring an additional 31,662 shares in the last quarter. LGL Partners LLC grew its holdings in shares of KKR & Co. Inc. by 4.4% in the 4th quarter. LGL Partners LLC now owns 2,590 shares of the asset manager’s stock worth $383,000 after acquiring an additional 108 shares during the last quarter. Finally, FFT Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 65.0% during the fourth quarter. FFT Wealth Management LLC now owns 4,189 shares of the asset manager’s stock worth $620,000 after purchasing an additional 1,650 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KKR shares. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $129.57 on Wednesday. The firm’s 50-day moving average is $149.61 and its 200-day moving average is $141.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $115.09 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 1.00 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.

KKR & Co. Inc. Announces Dividend

The business 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 is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.