KKR & Co. Inc. (NYSE:KKR) Stock Position Reduced by ORG Partners LLC

ORG Partners LLC reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,891 shares of the asset manager’s stock after selling 230 shares during the period. ORG Partners LLC’s holdings in KKR & Co. Inc. were worth $280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Wellington Management Group LLP raised its stake in KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after acquiring an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after acquiring an additional 124,257 shares during the last quarter. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the period. Finally, FMR LLC grew its holdings in shares of KKR & Co. Inc. by 1.5% during the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on KKR. Evercore ISI raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $140.97 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $152.19 and its 200 day moving average price is $132.73. KKR & Co. Inc. has a 52-week low of $80.20 and a 52-week high of $163.68. The firm has a market cap of $125.21 billion, a P/E ratio of 42.85, a PEG ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

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.