XTX Topco Ltd Has $437,000 Position in KKR & Co. Inc. $KKR

XTX Topco Ltd cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 77.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,287 shares of the asset manager’s stock after selling 10,980 shares during the period. XTX Topco Ltd’s holdings in KKR & Co. Inc. were worth $437,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $218,000. Blair William & Co. IL boosted its stake in KKR & Co. Inc. by 10.5% during the first quarter. Blair William & Co. IL now owns 31,085 shares of the asset manager’s stock worth $3,594,000 after acquiring an additional 2,953 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in KKR & Co. Inc. by 12.2% in the first quarter. Wealthspire Advisors LLC now owns 3,257 shares of the asset manager’s stock worth $377,000 after purchasing an additional 355 shares during the period. Finally, ASR Vermogensbeheer N.V. acquired a new stake in KKR & Co. Inc. in the first quarter worth $1,416,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $129.44 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 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $115.38 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 1.38 and a beta of 2.00. The stock’s fifty day simple moving average is $121.70 and its two-hundred day simple moving average is $131.12.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the firm earned $1.38 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a dividend of $0.185 per share. 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 dividend payout ratio (DPR) is 31.36%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Barclays raised their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Oppenheimer lowered their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $156.31.

KKR & Co. Inc. Company 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.