Pinnacle Financial Partners Inc Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Pinnacle Financial Partners Inc lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,926 shares of the asset manager’s stock after selling 2,654 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in KKR & Co. Inc. were worth $6,334,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Eastern Bank purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Bank of New Hampshire purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Finally, Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KKR shares. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lowered their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.17 on Friday. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $150.54 and a 200 day moving average of $141.04.

KKR & Co. Inc. Dividend Announcement

The firm 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 $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s payout ratio is 21.02%.

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.