KKR & Co. Inc. $KKR Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,595 shares of the asset manager’s stock after selling 8,164 shares during the quarter. Commonwealth Equity Services LLC’s holdings in KKR & Co. Inc. were worth $17,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Interstate Bank acquired a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $3,115,000. Aberdeen Group plc raised its stake in KKR & Co. Inc. by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after purchasing an additional 10,960 shares during the period. California Public Employees Retirement System lifted its holdings in shares of KKR & Co. Inc. by 5.8% in the second quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock valued at $152,371,000 after purchasing an additional 62,566 shares in the last quarter. Natixis boosted its position in shares of KKR & Co. Inc. by 48.1% in the second quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after buying an additional 50,176 shares during the period. Finally, Highland Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 41.9% in the second quarter. Highland Capital Management LLC now owns 16,340 shares of the asset manager’s stock worth $2,174,000 after buying an additional 4,823 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR stock opened at $134.77 on Friday. The firm has a 50 day moving average of $126.51 and a two-hundred day moving average of $133.03. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market capitalization of $120.13 billion, a price-to-earnings ratio of 57.11, a P/E/G ratio of 1.06 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the previous year, the business earned $1.38 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays dropped their price objective on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $158.07.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.