Bank of New York Mellon Corp Sells 110,755 Shares of KKR & Co. Inc. (NYSE:KKR)

Bank of New York Mellon Corp lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,873,883 shares of the asset manager’s stock after selling 110,755 shares during the period. Bank of New York Mellon Corp’s holdings in KKR & Co. Inc. were worth $572,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC grew its position in shares of KKR & Co. Inc. by 16.4% in the 3rd quarter. Private Advisor Group LLC now owns 17,089 shares of the asset manager’s stock worth $2,232,000 after buying an additional 2,403 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the third quarter worth $238,000. Allworth Financial LP boosted its holdings in KKR & Co. Inc. by 7.7% in the third quarter. Allworth Financial LP now owns 2,678 shares of the asset manager’s stock valued at $350,000 after acquiring an additional 191 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at $228,000. Finally, PFG Investments LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at $217,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.2 %

NYSE:KKR opened at $129.57 on Wednesday. The stock has a market cap of $115.09 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 1.00 and a beta of 1.67. 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 company’s 50 day moving average price is $149.61 and its 200-day moving average price is $141.73. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm 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 dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. 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. 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 report on Wednesday, February 5th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reduced 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Company 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.