Marks Group Wealth Management Inc Sells 477 Shares of KKR & Co. Inc. (NYSE:KKR)

Marks Group Wealth Management Inc reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 8.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,079 shares of the asset manager’s stock after selling 477 shares during the quarter. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $751,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Raleigh Capital Management Inc. increased its stake in shares of KKR & Co. Inc. by 56.7% in 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 period. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $34,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KKR shares. JMP Securities increased 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. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut 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 report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Stock Down 2.2 %

Shares of NYSE:KKR opened at $139.35 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. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The business’s 50 day simple moving average is $153.30 and its two-hundred day simple moving average is $140.14. The firm has a market cap of $123.77 billion, a P/E ratio of 41.85, a PEG ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. 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.