Equitable Trust Co. Has $4.27 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Equitable Trust Co. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 49.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,834 shares of the asset manager’s stock after selling 28,663 shares during the period. Equitable Trust Co.’s holdings in KKR & Co. Inc. were worth $4,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Soltis Investment Advisors LLC lifted its position in shares of KKR & Co. Inc. by 10.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 1,779 shares of the asset manager’s stock worth $263,000 after buying an additional 166 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of KKR & Co. Inc. by 9.1% in the fourth quarter. Elevation Wealth Partners LLC now owns 1,118 shares of the asset manager’s stock worth $165,000 after buying an additional 93 shares during the last quarter. Savant Capital LLC lifted its position in shares of KKR & Co. Inc. by 27.5% in the fourth quarter. Savant Capital LLC now owns 2,001 shares of the asset manager’s stock worth $296,000 after buying an additional 431 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of KKR & Co. Inc. by 10.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,151 shares of the asset manager’s stock worth $1,354,000 after buying an additional 836 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of KKR & Co. Inc. by 11.1% in the fourth quarter. Stephens Inc. AR now owns 158,920 shares of the asset manager’s stock worth $23,506,000 after buying an additional 15,881 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KKR. Keefe, Bruyette & Woods reduced their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup boosted their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Down 1.9 %

Shares of KKR opened at $148.65 on Monday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. 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 firm has a market capitalization of $132.03 billion, a price-to-earnings ratio of 44.64, a P/E/G ratio of 1.05 and a beta of 1.67. The stock’s 50-day moving average price is $153.85 and its 200 day moving average price is $139.59.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.