Newbridge Financial Services Group Inc. Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Newbridge Financial Services Group Inc. reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,733 shares of the asset manager’s stock after selling 169 shares during the period. Newbridge Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC boosted its holdings in KKR & Co. Inc. by 10.1% in the 4th 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 period. 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 valued at $23,506,000 after acquiring an additional 15,881 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of KKR & Co. Inc. by 5.9% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,235 shares of the asset manager’s stock valued at $331,000 after acquiring an additional 125 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of KKR & Co. Inc. by 7.1% in the fourth quarter. Empowered Funds LLC now owns 65,071 shares of the asset manager’s stock worth $9,625,000 after acquiring an additional 4,341 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its position in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Down 1.9 %

Shares of KKR stock opened at $148.65 on Monday. The company has a market cap of $132.03 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The stock’s 50 day simple moving average is $153.85 and its two-hundred day simple moving average is $139.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

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 issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given 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, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

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.