KKR & Co. Inc. (NYSE:KKR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,421 shares of the asset manager’s stock after selling 4,420 shares during the quarter. Nordea Investment Management AB’s holdings in KKR & Co. Inc. were worth $7,324,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. grew its stake in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $34,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $40,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $148.05 on Friday. The company has a market capitalization of $131.50 billion, a PE ratio of 45.00, a PEG ratio of 1.22 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s 50 day moving average price is $152.12 and its 200 day moving average price is $132.49. KKR & Co. Inc. has a 52 week low of $80.20 and a 52 week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.73 earnings per share. Research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on KKR shares. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Evercore ISI lifted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.