Gladstone Institutional Advisory LLC Sells 777 Shares of KKR & Co. Inc. (NYSE:KKR)

Gladstone Institutional Advisory LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,511 shares of the asset manager’s stock after selling 777 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in KKR & Co. Inc. were worth $815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TFB Advisors LLC lifted its stake in KKR & Co. Inc. by 3.8% in the 4th quarter. TFB Advisors LLC now owns 6,078 shares of the asset manager’s stock worth $899,000 after purchasing an additional 222 shares in the last quarter. Certuity LLC lifted its position in shares of KKR & Co. Inc. by 79.2% in the fourth quarter. Certuity LLC now owns 2,829 shares of the asset manager’s stock worth $418,000 after buying an additional 1,250 shares in the last quarter. Sovran Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $243,000. Essex Financial Services Inc. boosted its stake in KKR & Co. Inc. by 7.0% during the fourth quarter. Essex Financial Services Inc. now owns 16,012 shares of the asset manager’s stock valued at $2,368,000 after buying an additional 1,047 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $518,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $139.40 on Friday. The stock has a 50 day moving average price of $152.94 and a 200 day moving average price of $140.14. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $123.82 billion, a P/E ratio of 41.86, a P/E/G ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. Wells Fargo & Company decreased their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley decreased 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 report on Thursday, February 6th. Finally, Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

About KKR & Co. Inc.

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.