Mission Wealth Management LP Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Mission Wealth Management LP decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,507 shares of the asset manager’s stock after selling 82 shares during the quarter. Mission Wealth Management LP’s holdings in KKR & Co. Inc. were worth $3,033,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 2.1 %

Shares of KKR & Co. Inc. stock opened at $132.78 on Tuesday. The company has a 50-day moving average of $148.61 and a two-hundred day moving average of $142.20. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $117.94 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

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.