Cacti Asset Management LLC Cuts Stake in KKR & Co. Inc. (NYSE:KKR)

Cacti Asset Management LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,630 shares of the asset manager’s stock after selling 4,000 shares during the period. KKR & Co. Inc. makes up approximately 0.4% of Cacti Asset Management LLC’s holdings, making the stock its 28th biggest position. Cacti Asset Management LLC’s holdings in KKR & Co. Inc. were worth $5,584,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at about $31,000. Raleigh Capital Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the third quarter worth about $34,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth about $38,000. Finally, Y.D. More Investments Ltd bought a new position in KKR & Co. Inc. during the second quarter valued at approximately $38,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR traded up $2.22 during midday trading on Thursday, hitting $150.13. 410,434 shares of the company were exchanged, compared to its average volume of 4,166,298. The firm has a market capitalization of $133.35 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.63. KKR & Co. Inc. has a 1-year low of $78.95 and a 1-year high of $163.68. The company’s 50 day simple moving average is $151.06 and its 200 day simple moving average is $131.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the firm earned $0.73 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.07.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.