KKR & Co. Inc. $KKR Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 4.5% in the third quarter, Holdings Channel reports. The institutional investor owned 193,997 shares of the asset manager’s stock after selling 9,148 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $25,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in KKR & Co. Inc. in the 2nd quarter worth $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of KKR & Co. Inc. by 454.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after purchasing an additional 1,132,046 shares during the period. Vanguard Group Inc. increased its stake in shares of KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of KKR & Co. Inc. by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after purchasing an additional 765,457 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC lifted its stake in KKR & Co. Inc. by 166.1% in the 2nd quarter. Bain Capital Public Equity Management II LLC now owns 986,221 shares of the asset manager’s stock valued at $131,197,000 after buying an additional 615,591 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8%

NYSE KKR opened at $121.27 on Friday. The business’s fifty day simple moving average is $128.15 and its 200-day simple moving average is $132.62. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $108.10 billion, a PE ratio of 51.39, a P/E/G ratio of 1.05 and a beta of 1.99. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

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, topping the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $1.38 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Oppenheimer dropped their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Barclays decreased their price objective on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.43.

KKR & Co. Inc. Profile

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.