International Assets Investment Management LLC Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 99.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,420 shares of the asset manager’s stock after selling 340,562 shares during the quarter. International Assets Investment Management LLC’s holdings in KKR & Co. Inc. were worth $361,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its position in KKR & Co. Inc. by 3.2% in the second quarter. Private Advisor Group LLC now owns 14,686 shares of the asset manager’s stock valued at $1,546,000 after purchasing an additional 458 shares during the period. LPL Financial LLC increased its position in shares of KKR & Co. Inc. by 11.8% during the second quarter. LPL Financial LLC now owns 395,738 shares of the asset manager’s stock worth $41,648,000 after purchasing an additional 41,778 shares in the last quarter. American Century Companies Inc. boosted its stake in KKR & Co. Inc. by 2.4% during the 2nd quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock worth $11,059,000 after purchasing an additional 2,440 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $5,887,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KKR shares. Barclays increased their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

KKR & Co. Inc. Trading Down 4.9 %

Shares of KKR opened at $140.97 on Friday. 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. has a 1-year low of $80.20 and a 1-year high of $163.68. The stock has a market capitalization of $125.21 billion, a P/E ratio of 42.85, a P/E/G ratio of 1.22 and a beta of 1.66. The business’s 50-day moving average price is $152.19 and its 200 day moving average price is $132.90.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period last year, the firm posted $0.73 earnings per share. Analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

KKR & Co. Inc. Profile

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.