Lake Street Advisors Group LLC Sells 370 Shares of KKR & Co. Inc. (NYSE:KKR)

Lake Street Advisors Group LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,297 shares of the asset manager’s stock after selling 370 shares during the quarter. Lake Street Advisors Group LLC’s holdings in KKR & Co. Inc. were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $45,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Finally, Farmers & Merchants Investments Inc. raised its stake in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on KKR shares. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. HSBC downgraded shares of 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. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $132.23 on Friday. The company has a market capitalization of $117.45 billion, a PE ratio of 39.71, a PEG ratio of 1.00 and a beta of 1.67. 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 stock’s 50 day moving average price is $149.17 and its 200-day moving average price is $141.60. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.53%. 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.