Teacher Retirement System of Texas cut its holdings in KKR & Co. Inc. (NYSE:KKR – Get Rating) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,775 shares of the asset manager’s stock after selling 16,156 shares during the period. Teacher Retirement System of Texas’ holdings in KKR & Co. Inc. were worth $3,473,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new stake in KKR & Co. Inc. in the second quarter worth $28,000. Core Alternative Capital increased its position in shares of KKR & Co. Inc. by 181.4% in the second quarter. Core Alternative Capital now owns 605 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 390 shares during the period. NuWave Investment Management LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at about $27,000. Total Clarity Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the second quarter valued at about $42,000. Finally, Riverview Trust Co purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at about $45,000. 53.85% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. JMP Securities decreased their price objective on shares of KKR & Co. Inc. from $74.00 to $72.00 and set a “market outperform” rating on the stock in a research report on Tuesday, January 10th. Credit Suisse Group set a $45.50 price objective on shares of KKR & Co. Inc. in a research report on Wednesday, November 23rd. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, January 20th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Finally, Bank of America upgraded shares of KKR & Co. Inc. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $57.00 to $60.00 in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.83.
Insiders Place Their Bets
KKR & Co. Inc. Trading Down 1.0 %
Shares of KKR opened at $53.37 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $41.77 and a fifty-two week high of $73.30. The firm’s 50-day simple moving average is $49.80 and its two-hundred day simple moving average is $49.88.
KKR & Co. Inc. (NYSE:KKR – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The asset manager reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $887.91 million for the quarter, compared to analysts’ expectations of $800.74 million. KKR & Co. Inc. had a negative net margin of 5.75% and a positive return on equity of 6.99%. Sell-side analysts forecast that KKR & Co. Inc. will post 3.37 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently -98.41%.
About KKR & Co. Inc.
KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.
- Get a free copy of the StockNews.com research report on KKR & Co. Inc. (KKR)
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