Sierra Capital LLC Sells 18,659 Shares of KKR & Co. Inc. (NYSE:KKR)

Sierra Capital LLC decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 43.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,499 shares of the asset manager’s stock after selling 18,659 shares during the period. Sierra Capital LLC’s holdings in KKR & Co. Inc. were worth $3,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KKR. Sentry Investment Management LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter worth $298,000. BankPlus Trust Department bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $65,000. Edge Capital Group LLC grew its position in KKR & Co. Inc. by 3.9% during the fourth quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager’s stock worth $304,000 after buying an additional 78 shares in the last quarter. Colonial River Investments LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $609,000. Finally, MONECO Advisors LLC increased its stake in KKR & Co. Inc. by 496.4% during the fourth quarter. MONECO Advisors LLC now owns 25,226 shares of the asset manager’s stock valued at $3,731,000 after acquiring an additional 20,996 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.8 %

Shares of NYSE KKR opened at $131.13 on Tuesday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The firm’s 50-day simple moving average is $150.54 and its 200 day simple moving average is $141.49. 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 company has a market cap of $116.47 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

Several analysts have recently weighed in on KKR shares. 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 report on Monday, November 11th. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. 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. Finally, Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.