Lountzis Asset Management LLC Reduces Stake in KKR & Co. Inc. (NYSE:KKR)

Lountzis Asset Management LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,284 shares of the asset manager’s stock after selling 538 shares during the quarter. KKR & Co. Inc. accounts for approximately 6.7% of Lountzis Asset Management LLC’s holdings, making the stock its 5th biggest holding. Lountzis Asset Management LLC’s holdings in KKR & Co. Inc. were worth $15,720,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Finally, Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth $40,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $138.56 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $123.07 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 1.04 and a beta of 1.67. The stock has a fifty day moving average of $151.41 and a two-hundred day moving average of $140.91. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week 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. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. Barclays cut their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. HSBC lowered 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 note on Thursday, January 30th. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JMP Securities lifted 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 research report on Tuesday, October 29th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $161.43.

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.