Handelsbanken Fonder AB Sells 3,303 Shares of KKR & Co. Inc. $KKR

Handelsbanken Fonder AB decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,861 shares of the asset manager’s stock after selling 3,303 shares during the quarter. Handelsbanken Fonder AB’s holdings in KKR & Co. Inc. were worth $32,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lodestone Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $207,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in KKR & Co. Inc. by 262.4% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 11,463 shares of the asset manager’s stock valued at $1,525,000 after purchasing an additional 8,300 shares during the last quarter. NFP Retirement Inc. bought a new stake in KKR & Co. Inc. in the 2nd quarter valued at $366,000. Ensign Peak Advisors Inc boosted its holdings in KKR & Co. Inc. by 65.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,462,848 shares of the asset manager’s stock valued at $194,603,000 after purchasing an additional 577,018 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in KKR & Co. Inc. by 32.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 49,141 shares of the asset manager’s stock worth $6,388,000 after purchasing an additional 11,930 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 3.7%

KKR stock opened at $118.67 on Friday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $125.76 and its 200-day moving average is $131.08. The firm has a market cap of $105.78 billion, a P/E ratio of 55.20, a P/E/G ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter last year, the company earned $1.38 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. TD Cowen lowered their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Oppenheimer cut their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.31.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.