Bank of New York Mellon Corp Trims Stake in KKR & Co. Inc. (NYSE:KKR)

Bank of New York Mellon Corp lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 owned 0.44% of KKR & Co. Inc. worth $572,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KKR. Private Advisor Group LLC increased its stake in 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 acquiring an additional 2,403 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $238,000. Allworth Financial LP grew its holdings in shares of KKR & Co. Inc. by 7.7% during the third quarter. Allworth Financial LP now owns 2,678 shares of the asset manager’s stock worth $350,000 after purchasing an additional 191 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $228,000. Finally, PFG Investments LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $217,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods lowered 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. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $129.57 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The business’s 50 day simple moving average is $149.61 and its two-hundred day simple moving average is $141.73. The stock has a market capitalization of $115.09 billion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. 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.