Sterling Investment Advisors Ltd. Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Sterling Investment Advisors Ltd. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,943 shares of the asset manager’s stock after selling 4,320 shares during the quarter. KKR & Co. Inc. makes up approximately 2.1% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 9th biggest holding. Sterling Investment Advisors Ltd.’s holdings in KKR & Co. Inc. were worth $8,718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $45,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several recent research reports. JMP Securities raised 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 note on Tuesday, October 29th. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. 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, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned 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 target price of $161.43.

KKR & Co. Inc. Trading Down 0.8 %

KKR stock opened at $131.13 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a fifty day moving average price of $150.54 and a two-hundred day moving average price of $141.49. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock has a market cap of $116.47 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 1.00 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. Stockholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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.