Hudson Way Capital Management LLC Sells 184,700 Shares of KKR & Co. Inc. $KKR

Hudson Way Capital Management LLC trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,168 shares of the asset manager’s stock after selling 184,700 shares during the quarter. KKR & Co. Inc. makes up about 14.1% of Hudson Way Capital Management LLC’s portfolio, making the stock its biggest holding. Hudson Way Capital Management LLC’s holdings in KKR & Co. Inc. were worth $156,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after buying an additional 1,099,263 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after acquiring an additional 765,457 shares in the last quarter. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $1,530,419,000. Legal & General Group Plc grew its position in shares of KKR & Co. Inc. by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock valued at $608,787,000 after acquiring an additional 288,006 shares during the period. Finally, Amundi increased its stake in shares of KKR & Co. Inc. by 114.2% in the 1st 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 in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent analyst reports. 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 research report on Tuesday, October 21st. 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 research note on Monday, October 13th. Barclays increased their target price on KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group began coverage on shares of KKR & Co. Inc. in a report on Thursday. They issued a “buy” rating and a $176.00 price target for the company. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.79.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $136.66 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market capitalization of $121.81 billion, a PE ratio of 57.91, a P/E/G ratio of 1.53 and a beta of 2.00. The business’s 50 day moving average price is $122.56 and its 200-day moving average price is $131.76.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data 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 return on equity of 6.12% and a net margin of 13.84%.The company 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 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

About KKR & Co. Inc.

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.