Newbridge Financial Services Group Inc. Sells 169 Shares of KKR & Co. Inc. (NYSE:KKR)

Newbridge Financial Services Group Inc. lowered its position in KKR & Co. Inc. (NYSE:KKR) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,733 shares of the asset manager’s stock after selling 169 shares during the period. Newbridge Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in KKR & Co. Inc. by 273.5% during the third quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock worth $129,000 after acquiring an additional 722 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of KKR & Co. Inc. by 259.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,873 shares of the asset manager’s stock valued at $636,000 after purchasing an additional 3,518 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of KKR & Co. Inc. by 25.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,097 shares of the asset manager’s stock worth $666,000 after purchasing an additional 1,045 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $293,000. Finally, Exchange Traded Concepts LLC increased its position in KKR & Co. Inc. by 10,185.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,274 shares of the asset manager’s stock valued at $819,000 after buying an additional 6,213 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several analyst reports. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. JMP Securities upped their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. 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 assigned a strong buy rating to the stock. Based on 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. Price Performance

NYSE KKR opened at $148.65 on Monday. The stock has a market capitalization of $132.03 billion, a price-to-earnings ratio of 44.64, a PEG ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business’s fifty day moving average price is $153.85 and its 200-day moving average price is $139.59.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s payout ratio is 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.