Louisbourg Investments Inc. Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Louisbourg Investments Inc. reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,442 shares of the asset manager’s stock after selling 7,855 shares during the period. Louisbourg Investments Inc.’s holdings in KKR & Co. Inc. were worth $1,544,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in KKR & Co. Inc. by 92.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after purchasing an additional 503,365 shares during the period. TFB Advisors LLC increased its stake in KKR & Co. Inc. by 3.8% in the 4th quarter. TFB Advisors LLC now owns 6,078 shares of the asset manager’s stock worth $899,000 after purchasing an additional 222 shares during the period. Certuity LLC increased its stake in KKR & Co. Inc. by 79.2% in the 4th quarter. Certuity LLC now owns 2,829 shares of the asset manager’s stock worth $418,000 after purchasing an additional 1,250 shares during the period. Sovran Advisors LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $243,000. Finally, Essex Financial Services Inc. increased its stake in KKR & Co. Inc. by 7.0% in the 4th quarter. Essex Financial Services Inc. now owns 16,012 shares of the asset manager’s stock worth $2,368,000 after purchasing an additional 1,047 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 3.7 %

KKR & Co. Inc. stock opened at $142.45 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $153.61 and its two-hundred day simple moving average is $139.98. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The company has a market capitalization of $126.53 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The business 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 $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KKR. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays reduced 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. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.