KKR & Co. Inc. $KKR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,435,318 shares of the asset manager’s stock after selling 165,739 shares during the quarter. Bank of New York Mellon Corp’s holdings in KKR & Co. Inc. were worth $437,934,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Asset Dedication LLC acquired a new stake in KKR & Co. Inc. in the third quarter worth about $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. in the third quarter worth about $27,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter worth about $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter worth about $27,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in KKR & Co. Inc. in the third quarter worth about $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $90.71 on Thursday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $96.63 and its two-hundred day moving average price is $108.45. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The stock has a market cap of $81.45 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $5.74 billion for the quarter. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.9%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

KKR & Co. Inc. announced that its board has initiated a stock buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KKR shares. The Goldman Sachs Group reduced their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. UBS Group upped their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings cut shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Finally, TD Cowen dropped their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.53.

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.