Sentry Investment Management LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

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

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in shares of KKR & Co. Inc. by 417.8% during the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after purchasing an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after purchasing an additional 4,719 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $667,000. Caldwell Investment Management Ltd. grew its position in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after buying an additional 5,900 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after buying an additional 4,481 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 1.2 %

Shares of NYSE:KKR opened at $129.57 on Wednesday. The firm has a fifty day moving average of $149.61 and a two-hundred day moving average 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 firm 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. 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 given a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.54%. KKR & Co. Inc.’s payout ratio is 21.02%.

Analyst Ratings Changes

KKR has been the subject of several research reports. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays reduced 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 research note on Wednesday, February 5th. 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 report on Monday, November 11th. Finally, Keefe, Bruyette & Woods cut 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.