Conservest Capital Advisors Inc. Sells 313 Shares of KKR & Co. Inc. (NYSE:KKR)

Conservest Capital Advisors Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,891 shares of the asset manager’s stock after selling 313 shares during the period. Conservest Capital Advisors Inc.’s holdings in KKR & Co. Inc. were worth $280,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter worth about $30,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $40,000. Bank of New Hampshire bought a new position in KKR & Co. Inc. in the 4th quarter worth about $45,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley dropped their price target on shares of 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. Keefe, Bruyette & Woods dropped 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 research note on Monday, January 13th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $135.57 on Friday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The firm has a market capitalization of $120.42 billion, a P/E ratio of 40.71, a PEG ratio of 1.00 and a beta of 1.67. 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 company has a 50-day moving average price of $148.93 and a 200-day moving average price of $141.76.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio 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.