Bank of New York Mellon Corp Sells 21,776 Shares of KKR & Co. Inc. $KKR

Bank of New York Mellon Corp trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,601,057 shares of the asset manager’s stock after selling 21,776 shares during the quarter. Bank of New York Mellon Corp’s holdings in KKR & Co. Inc. were worth $467,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southeast Asset Advisors LLC lifted its position in shares of KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after buying an additional 68 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 75 shares during the last quarter. Berbice Capital Management LLC increased its position in shares of KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in KKR & Co. Inc. by 3.7% during the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after acquiring an additional 84 shares during the period. Finally, Cornerstone Advisory LLC boosted its position in KKR & Co. Inc. by 3.0% in the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after purchasing an additional 89 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 0.6%

KKR opened at $116.72 on Thursday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market cap of $104.04 billion, a PE ratio of 49.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $128.26 and a 200 day moving average of $132.11.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KKR. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their target price for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group decreased their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Finally, Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $156.57.

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.