Robertson Stephens Wealth Management LLC Sells 1,862 Shares of KKR & Co. Inc. (NYSE:KKR)

Robertson Stephens Wealth Management LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 14.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,631 shares of the asset manager’s stock after selling 1,862 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,572,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KKR. Mather Group LLC. boosted its stake in shares of KKR & Co. Inc. by 273.5% in the 3rd quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock valued at $129,000 after purchasing an additional 722 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in KKR & Co. Inc. by 6.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,519 shares of the asset manager’s stock worth $982,000 after acquiring an additional 427 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in KKR & Co. Inc. by 28.3% in the third quarter. Atomi Financial Group Inc. now owns 4,582 shares of the asset manager’s stock valued at $598,000 after buying an additional 1,012 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in KKR & Co. Inc. by 58.1% in the third quarter. Daymark Wealth Partners LLC now owns 12,326 shares of the asset manager’s stock valued at $1,610,000 after buying an additional 4,529 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in KKR & Co. Inc. by 264.1% in the third quarter. Wedmont Private Capital now owns 10,909 shares of the asset manager’s stock valued at $1,433,000 after buying an additional 7,913 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $151.51 on Friday. The company has a fifty day simple moving average of $154.30 and a 200 day simple moving average of $139.14. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $134.57 billion, a P/E ratio of 46.05, a PEG ratio of 0.96 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analysts Set New Price Targets

KKR has been the topic of a number of research reports. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. 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 research note on Thursday, December 12th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. 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 research note on Tuesday, November 19th. Finally, Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target 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.