Universal Beteiligungs und Servicegesellschaft mbH Sells 6,823 Shares of KKR & Co. Inc. $KKR

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 341,911 shares of the asset manager’s stock after selling 6,823 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in KKR & Co. Inc. were worth $44,431,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC grew its holdings in shares of KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 237 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of KKR & Co. Inc. by 7.6% during the second quarter. Park Avenue Securities LLC now owns 23,198 shares of the asset manager’s stock valued at $3,086,000 after acquiring an additional 1,633 shares during the last quarter. Finally, CHICAGO TRUST Co NA bought a new stake in KKR & Co. Inc. during the second quarter worth $204,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 1.2%

Shares of KKR & Co. Inc. stock opened at $124.32 on Thursday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock’s 50-day simple moving average is $128.06 and its 200 day simple moving average is $132.82. The stock has a market capitalization of $110.81 billion, a P/E ratio of 52.68, a P/E/G ratio of 1.07 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $1.38 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price target for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Barclays lowered their price objective on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $156.43.

About KKR & Co. Inc.

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.