Commonwealth Equity Services LLC Sells 8,164 Shares of KKR & Co. Inc. $KKR

Commonwealth Equity Services LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,595 shares of the asset manager’s stock after selling 8,164 shares during the quarter. Commonwealth Equity Services LLC’s holdings in KKR & Co. Inc. were worth $17,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. Clearstead Trust LLC acquired a new position in KKR & Co. Inc. during the 2nd quarter worth $28,000. Pineridge Advisors LLC bought a new position in shares of KKR & Co. Inc. in the second quarter worth about $31,000. Salomon & Ludwin LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $36,000. DiNuzzo Private Wealth Inc. boosted its stake in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new stake in KKR & Co. Inc. during the 2nd quarter valued at approximately $56,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $134.77 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day moving average of $126.51 and a 200-day moving average of $133.03. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $120.13 billion, a price-to-earnings ratio of 57.11, a PEG ratio of 1.06 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the business posted $1.38 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup dropped their price target on 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. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. UBS Group began coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price target on the stock. Finally, Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Company 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.