Gulf International Bank UK Ltd Sells 524 Shares of KKR & Co. Inc. (NYSE:KKR)

Gulf International Bank UK Ltd reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,241 shares of the asset manager’s stock after selling 524 shares during the period. Gulf International Bank UK Ltd’s holdings in KKR & Co. Inc. were worth $7,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter worth about $40,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. Finally, Farmers & Merchants Investments Inc. grew its stake in KKR & Co. Inc. by 17.8% during 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 owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $132.55 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $117.73 billion, a PE ratio of 39.80, a PEG ratio of 1.00 and a beta of 1.67. The company’s fifty day moving average is $149.40 and its 200 day moving average is $141.67. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lowered their price target on 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, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.