Gulf International Bank UK Ltd Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Gulf International Bank UK Ltd trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 48,241 shares of the asset manager’s stock after selling 524 shares during the quarter. Gulf International Bank UK Ltd’s holdings in KKR & Co. Inc. were worth $7,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $45,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. in the third quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays decreased their target price on 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. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Morgan Stanley reduced their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Up 2.3 %

NYSE:KKR opened at $132.55 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $117.73 billion, a P/E ratio of 39.80, a P/E/G ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm has a 50-day simple moving average of $149.40 and a two-hundred day simple moving average of $141.67.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s 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.