Stratos Wealth Advisors LLC Sells 2,392 Shares of KKR & Co. Inc. (NYSE:KKR)

Stratos Wealth Advisors LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 45.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,887 shares of the asset manager’s stock after selling 2,392 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Stratos Wealth Partners LTD. grew its holdings in KKR & Co. Inc. by 116.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,184 shares of the asset manager’s stock worth $1,654,000 after purchasing an additional 6,015 shares during the period. Guidance Capital Inc. purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $810,000. Mather Group LLC. increased its position in KKR & Co. Inc. by 7.9% during the 4th quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock valued at $157,000 after buying an additional 78 shares in the last quarter. Calamos Wealth Management LLC raised its stake in KKR & Co. Inc. by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock valued at $580,000 after buying an additional 78 shares during the last quarter. Finally, E&G Advisors LP raised its stake in KKR & Co. Inc. by 3.5% during the fourth quarter. E&G Advisors LP now owns 8,900 shares of the asset manager’s stock valued at $1,316,000 after buying an additional 300 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.9 %

Shares of NYSE:KKR opened at $148.65 on Friday. The stock’s 50-day simple moving average is $154.13 and its two-hundred day simple moving average is $139.22. The stock has a market capitalization of $132.03 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 0.96 and a beta of 1.67. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently announced 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 of this dividend is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KKR shares. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. 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. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. JMP Securities raised their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Finally, TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. 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. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.