Diversified Trust Co Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

Diversified Trust Co reduced its position in KKR & Co. Inc. (NYSE:KKR) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,355 shares of the asset manager’s stock after selling 964 shares during the period. Diversified Trust Co’s holdings in KKR & Co. Inc. were worth $792,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its holdings in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $31,000. Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $45,000. Finally, Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter worth $40,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.0 %

Shares of NYSE:KKR opened at $148.05 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $131.50 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 1-year low of $80.20 and a 1-year high of $163.68. The company has a 50 day moving average price of $152.12 and a 200 day moving average price of $132.49.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KKR. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Finally, TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.