KKR & Co. Inc. $KKR Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,535,459 shares of the asset manager’s stock after selling 55,471 shares during the quarter. Geode Capital Management LLC’s holdings in KKR & Co. Inc. were worth $1,924,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. First Interstate Bank acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $3,115,000. Aberdeen Group plc increased its holdings in KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares in the last quarter. National Bank of Canada FI increased its holdings in KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after buying an additional 237,987 shares in the last quarter. CWM LLC lifted its position in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $463,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KKR has been the subject of several research reports. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Citigroup cut their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Barclays increased their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.79.

KKR & Co. Inc. Stock Up 1.3%

Shares of NYSE:KKR opened at $122.91 on Thursday. The company has a market capitalization of $109.56 billion, a P/E ratio of 57.17, a P/E/G ratio of 1.33 and a beta of 1.92. The stock’s fifty day simple moving average is $128.90 and its 200-day simple moving average is $131.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $1.38 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a dividend of $0.185 per share. The ex-dividend date is 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 31.36%.

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.