KKR & Co. Inc. (NYSE:KKR) Shares Sold by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,959 shares of the asset manager’s stock after selling 111 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $438,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $30,000. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 56.7% during 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 3rd quarter valued at $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $153.95 on Thursday. The firm has a fifty day moving average of $154.42 and a 200 day moving average of $139.03. KKR & Co. Inc. has a one year low of $90.40 and a one year high of $170.40. The firm has a market cap of $136.75 billion, a PE ratio of 46.79, 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. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays lowered their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.50.

KKR & Co. Inc. 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.