Hartford Investment Management Co. Has $6.18 Million Position in KKR & Co. Inc. (NYSE:KKR)

Hartford Investment Management Co. lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,799 shares of the asset manager’s stock after selling 731 shares during the period. Hartford Investment Management Co.’s holdings in KKR & Co. Inc. were worth $6,182,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. TFB Advisors LLC lifted its position in shares of KKR & Co. Inc. by 3.8% during the 4th quarter. TFB Advisors LLC now owns 6,078 shares of the asset manager’s stock valued at $899,000 after acquiring an additional 222 shares during the period. Certuity LLC increased its stake in KKR & Co. Inc. by 79.2% during the 4th quarter. Certuity LLC now owns 2,829 shares of the asset manager’s stock valued at $418,000 after purchasing an additional 1,250 shares in the last quarter. Sovran Advisors LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $243,000. Essex Financial Services Inc. increased its stake in KKR & Co. Inc. by 7.0% during the 4th quarter. Essex Financial Services Inc. now owns 16,012 shares of the asset manager’s stock valued at $2,368,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $518,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KKR. Oppenheimer boosted 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 note on Thursday, December 12th. JMP Securities boosted their price target 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. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. 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. Finally, TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $142.45 on Wednesday. The company has a market cap of $126.53 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm’s 50-day simple moving average is $153.61 and its two-hundred day simple moving average is $139.98.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.