Pacific Capital Partners Ltd Sells 6,250 Shares of KKR & Co. Inc. $KKR

Pacific Capital Partners Ltd lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 62.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,750 shares of the asset manager’s stock after selling 6,250 shares during the period. Pacific Capital Partners Ltd’s holdings in KKR & Co. Inc. were worth $487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter worth about $28,000. Pineridge Advisors LLC acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at approximately $31,000. DiNuzzo Private Wealth Inc. lifted its stake in KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $36,000. Finally, Quent Capital LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KKR. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 7th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research report on Wednesday. UBS Group cut their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday. Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Barclays lowered their target price on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $156.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $130.08 on Wednesday. The firm has a market capitalization of $115.95 billion, a P/E ratio of 55.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average price is $127.08 and its two-hundred day moving average price is $133.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $1.38 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a dividend of $0.185 per share. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

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.