Intech Investment Management LLC Trims Holdings in KKR & Co. Inc. $KKR

Intech Investment Management LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,364 shares of the asset manager’s stock after selling 3,445 shares during the period. Intech Investment Management LLC’s holdings in KKR & Co. Inc. were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $844,137,000. Amundi lifted its position in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment increased its stake in shares of KKR & Co. Inc. by 1,594.5% in the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after buying an additional 1,187,900 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of KKR & Co. Inc. by 45.2% during the first quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock valued at $352,795,000 after acquiring an additional 950,300 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after buying an additional 870,176 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 3.7%

Shares of KKR opened at $118.67 on Friday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company’s fifty day simple moving average is $125.76 and its 200-day simple moving average is $131.20. The company 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. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last released 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. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $1.38 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Analyst Ratings Changes

Several research firms have weighed in on KKR. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Barclays boosted their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.