State of Alaska Department of Revenue Cuts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

State of Alaska Department of Revenue decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 76,965 shares of the asset manager’s stock after selling 1,375 shares during the quarter. State of Alaska Department of Revenue’s holdings in KKR & Co. Inc. were worth $11,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $30,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at about $31,000. Finally, Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup lifted their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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, JMP Securities raised their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $151.51 on Friday. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company’s 50 day simple moving average is $154.30 and its 200 day simple moving average is $139.14. The company has a market capitalization of $134.57 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 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.