Walter & Keenan Wealth Management LLC IN ADV Sells 1,033 Shares of KKR & Co. Inc. (NYSE:KKR)

Walter & Keenan Wealth Management LLC IN ADV reduced its position in KKR & Co. Inc. (NYSE:KKR) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,303 shares of the asset manager’s stock after selling 1,033 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in KKR & Co. Inc. were worth $1,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KKR. Soltis Investment Advisors LLC boosted its position in shares of KKR & Co. Inc. by 10.3% during the 4th quarter. Soltis Investment Advisors LLC now owns 1,779 shares of the asset manager’s stock worth $263,000 after acquiring an additional 166 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in KKR & Co. Inc. by 9.1% during the fourth quarter. Elevation Wealth Partners LLC now owns 1,118 shares of the asset manager’s stock worth $165,000 after purchasing an additional 93 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of KKR & Co. Inc. by 27.5% in the 4th quarter. Savant Capital LLC now owns 2,001 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 431 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of KKR & Co. Inc. by 10.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 9,151 shares of the asset manager’s stock valued at $1,354,000 after purchasing an additional 836 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of KKR & Co. Inc. by 11.1% during the 4th quarter. Stephens Inc. AR now owns 158,920 shares of the asset manager’s stock worth $23,506,000 after buying an additional 15,881 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on KKR shares. 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. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, TD Cowen upped their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 1.9 %

NYSE KKR opened at $148.65 on Monday. The firm has a market capitalization of $132.03 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The business’s 50-day moving average price is $153.85 and its two-hundred day moving average price is $139.59. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. 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 announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio 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.