KKR & Co. Inc. (NYSE:KKR) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,943 shares of the asset manager’s stock after selling 4,320 shares during the period. KKR & Co. Inc. accounts for about 2.1% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 9th biggest holding. Sterling Investment Advisors Ltd.’s holdings in KKR & Co. Inc. were worth $8,718,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FourThought Financial Partners LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth $248,000. Sentry Investment Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $298,000. BankPlus Trust Department bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $65,000. Edge Capital Group LLC raised its stake in shares of KKR & Co. Inc. by 3.9% during the 4th quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager’s stock worth $304,000 after purchasing an additional 78 shares during the period. Finally, Colonial River Investments LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $609,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $131.13 on Tuesday. 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 stock has a 50 day moving average price of $150.54 and a 200 day moving average price of $141.49. The firm has a market capitalization of $116.47 billion, a P/E ratio of 39.38, a P/E/G 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. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KKR. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target 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, Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $161.43.

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.