Private Capital Management LLC Sells 75,750 Shares of KKR & Co. Inc. (NYSE:KKR)

Private Capital Management LLC reduced its position in KKR & Co. Inc. (NYSE:KKR) by 18.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 338,847 shares of the asset manager’s stock after selling 75,750 shares during the period. KKR & Co. Inc. makes up approximately 8.8% of Private Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Private Capital Management LLC’s holdings in KKR & Co. Inc. were worth $44,247,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note 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. Deutsche Bank Aktiengesellschaft increased their price target 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 price objective on 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. Finally, Wells Fargo & Company reduced their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 0.3 %

NYSE:KKR opened at $132.23 on Friday. 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. The business has a 50 day simple moving average of $149.17 and a 200 day simple moving average of $141.60. The firm has a market capitalization of $117.45 billion, a P/E ratio of 39.71, a P/E/G ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently declared 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 is Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. 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.