KKR & Co. Inc. (NYSE:KKR) is Private Capital Management LLC’s 4th Largest Position

Private Capital Management LLC lessened its position in KKR & Co. Inc. (NYSE:KKR) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,847 shares of the asset manager’s stock after selling 75,750 shares during the period. KKR & Co. Inc. comprises 8.8% of Private Capital Management LLC’s portfolio, making the stock its 4th largest holding. Private Capital Management LLC’s holdings in KKR & Co. Inc. were worth $44,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 16.2% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,028 shares of the asset manager’s stock worth $596,000 after purchasing an additional 561 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 7.8% in the fourth quarter. QRG Capital Management Inc. now owns 25,418 shares of the asset manager’s stock valued at $3,760,000 after purchasing an additional 1,843 shares during the period. Roberts Foundation acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $147,910,000. Finally, Proficio Capital Partners LLC lifted its position in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price target on shares of 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. Finally, Barclays lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Trading Down 0.3 %

NYSE:KKR opened at $132.23 on Friday. The business’s 50-day moving average is $149.17 and its two-hundred day moving average is $141.60. The firm has a market capitalization of $117.45 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. 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 given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.