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

Marks Group Wealth Management Inc decreased its position in KKR & Co. Inc. (NYSE:KKR) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The fund 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.

Several other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after purchasing an additional 1,759 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of KKR & Co. Inc. by 8.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after buying an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $667,000. Caldwell Investment Management Ltd. grew its holdings in shares of KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after acquiring an additional 4,481 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.2 %

NYSE:KKR opened at $139.35 on Thursday. The company has a market cap of $123.77 billion, a P/E ratio of 41.85, a P/E/G ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year 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. The stock’s fifty day moving average price is $153.30 and its two-hundred day moving average price is $140.14.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

KKR has been the topic of several research analyst reports. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Citigroup increased their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays decreased their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.43.

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.