Hartford Investment Management Co. Sells 731 Shares of KKR & Co. Inc. (NYSE:KKR)

Hartford Investment Management Co. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,799 shares of the asset manager’s stock after selling 731 shares during the quarter. Hartford Investment Management Co.’s holdings in KKR & Co. Inc. were worth $6,182,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. increased its holdings in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Finally, Eastern Bank bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of 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. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Down 3.7 %

Shares of NYSE KKR opened at $142.45 on Wednesday. The company has a market capitalization of $126.53 billion, a P/E 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 debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s 50 day moving average price is $153.61 and its 200-day moving average price is $139.98.

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 $0.175 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.