KKR & Co. Inc. (NYSE:KKR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its position in KKR & Co. Inc. (NYSE:KKR) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 30,684 shares of the asset manager’s stock after selling 2,121 shares during the quarter. Ingalls & Snyder LLC’s holdings in KKR & Co. Inc. were worth $4,538,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley lowered their target price 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. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, Citigroup raised their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR opened at $139.35 on Thursday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $123.77 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 1.05 and a beta of 1.67. The stock’s 50-day moving average price is $153.30 and its 200 day moving average price is $140.14.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. 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.