KKR & Co. Inc. (NYSE:KKR) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 19.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,831 shares of the asset manager’s stock after selling 1,865 shares during the quarter. Sawgrass Asset Management LLC’s holdings in KKR & Co. Inc. were worth $1,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Finally, Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lifted their price objective 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. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Morgan Stanley reduced their price objective 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. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR & Co. Inc. stock opened at $139.35 on Thursday. The stock has a market cap of $123.77 billion, a P/E ratio of 41.85, a P/E/G ratio of 1.05 and a beta of 1.67. The stock’s 50 day simple moving average is $153.30 and its 200-day simple moving average is $140.14. 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.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.