Sentry Investment Management LLC Buys Shares of 2,018 KKR & Co. Inc. (NYSE:KKR)

Sentry Investment Management LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,018 shares of the asset manager’s stock, valued at approximately $298,000.

Other hedge funds also recently modified their holdings of the company. BankPlus Trust Department bought a new stake in KKR & Co. Inc. in the fourth quarter worth $65,000. Edge Capital Group LLC lifted its position in shares of KKR & Co. Inc. by 3.9% in the fourth quarter. Edge Capital Group LLC now owns 2,058 shares of the asset manager’s stock worth $304,000 after buying an additional 78 shares during the last quarter. Colonial River Investments LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $609,000. MONECO Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 496.4% during the 4th quarter. MONECO Advisors LLC now owns 25,226 shares of the asset manager’s stock worth $3,731,000 after acquiring an additional 20,996 shares in the last quarter. Finally, Howard Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,075 shares of the asset manager’s stock valued at $603,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.2 %

KKR & Co. Inc. stock opened at $129.57 on Wednesday. The business has a 50 day moving average price of $149.61 and a two-hundred day moving average price of $141.73. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market cap of $115.09 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.54%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KKR shares. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.43.

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.