Ieq Capital LLC Sells 11,251 Shares of KKR & Co. Inc. (NYSE:KKR)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of KKR & Co. Inc. by 16.4% in the third quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock valued at $2,232,000 after acquiring an additional 2,403 shares during the period. Pettinga Financial Advisors LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $238,000. Allworth Financial LP raised its stake in KKR & Co. Inc. by 7.7% in the third quarter. Allworth Financial LP now owns 2,678 shares of the asset manager’s stock valued at $350,000 after purchasing an additional 191 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $228,000. Finally, PFG Investments LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $217,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 1.2 %

Shares of KKR stock opened at $129.57 on Wednesday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. 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’s 50 day simple moving average is $149.61 and its two-hundred day simple moving average is $141.73. The company has a market cap of $115.09 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

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 given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.