Advisor OS LLC Reduces Position in KKR & Co. Inc. (NYSE:KKR)

Advisor OS LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 17.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,015 shares of the asset manager’s stock after selling 2,531 shares during the quarter. Advisor OS LLC’s holdings in KKR & Co. Inc. were worth $1,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Denali Advisors LLC boosted its stake in KKR & Co. Inc. by 131.8% during the fourth quarter. Denali Advisors LLC now owns 55,681 shares of the asset manager’s stock worth $8,236,000 after buying an additional 31,662 shares during the last quarter. LGL Partners LLC boosted its position in shares of KKR & Co. Inc. by 4.4% during the 4th quarter. LGL Partners LLC now owns 2,590 shares of the asset manager’s stock valued at $383,000 after acquiring an additional 108 shares during the last quarter. FFT Wealth Management LLC grew its holdings in shares of KKR & Co. Inc. by 65.0% in the fourth quarter. FFT Wealth Management LLC now owns 4,189 shares of the asset manager’s stock valued at $620,000 after purchasing an additional 1,650 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $248,000. Finally, Sentry Investment Management LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $298,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on KKR shares. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price 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 shares of 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, JMP Securities upped their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Down 1.2 %

KKR opened at $129.57 on Wednesday. The business has a fifty day moving average price of $149.61 and a 200 day moving average price of $141.73. 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. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market capitalization of $115.09 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.54%. KKR & Co. Inc.’s payout ratio is 21.02%.

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.