Dorsey & Whitney Trust CO LLC Reduces Stock Position in KKR & Co. Inc. $KKR

Dorsey & Whitney Trust CO LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,214 shares of the asset manager’s stock after selling 519 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in KKR & Co. Inc. were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $28,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the second quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. grew 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 worth $37,000 after acquiring an additional 245 shares during the period. GW&K Investment Management LLC raised its holdings in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on KKR shares. Barclays increased their target price on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Citigroup lowered their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, TD Cowen cut their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $114.22 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market capitalization of $101.81 billion, a P/E ratio of 53.12, a P/E/G ratio of 1.33 and a beta of 1.92. The business’s 50-day simple moving average is $127.31 and its 200-day simple moving average is $131.26.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm 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 12.95% and a return on equity of 6.30%. During the same quarter in the prior year, the company earned $1.38 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. 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.