Strs Ohio Sells 87,286 Shares of KKR & Co. Inc. $KKR

Strs Ohio lessened its position in KKR & Co. Inc. (NYSE:KKR) by 26.9% during the 3rd quarter, Holdings Channel reports. The firm owned 236,867 shares of the asset manager’s stock after selling 87,286 shares during the quarter. Strs Ohio’s holdings in KKR & Co. Inc. were worth $30,781,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Clearstead Trust LLC bought a new position in KKR & Co. Inc. during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. increased its holdings in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. raised its stake in shares of KKR & Co. Inc. by 790.3% in the second 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 during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8%

Shares of KKR opened at $121.27 on Friday. The business’s fifty day moving average price is $128.15 and its two-hundred day moving average price is $132.65. The firm has a market capitalization of $108.10 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 1.07 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. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given 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 is presently 31.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group decreased their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Wall Street Zen lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Citigroup reduced their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently 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.