Sumitomo Mitsui Trust Group Inc. Has $187.08 Million Stock Holdings in KKR & Co. Inc. $KKR

Sumitomo Mitsui Trust Group Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,439,650 shares of the asset manager’s stock after buying an additional 21,853 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in KKR & Co. Inc. were worth $187,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. First Interstate Bank acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $3,115,000. Aberdeen Group plc lifted its position in shares of KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock worth $36,885,000 after buying an additional 10,960 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of KKR & Co. Inc. by 5.8% in the second quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock worth $152,371,000 after buying an additional 62,566 shares during the last quarter. Natixis boosted its stake in shares of KKR & Co. Inc. by 48.1% during the 2nd quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after acquiring an additional 50,176 shares in the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in shares of KKR & Co. Inc. by 132.5% during the 3rd quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after acquiring an additional 21,270 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.4%

NYSE KKR opened at $134.08 on Tuesday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market cap of $119.51 billion, a PE ratio of 56.81, a PEG ratio of 1.07 and a beta of 1.99. The firm has a 50-day simple moving average of $126.84 and a 200 day simple moving average of $133.11. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

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

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders 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 dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KKR shares. Citigroup reduced their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 7th. Finally, TD Cowen decreased their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.07.

About KKR & Co. Inc.

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.