Moody National Bank Trust Division Has $2.02 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Moody National Bank Trust Division reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,661 shares of the asset manager’s stock after selling 752 shares during the quarter. Moody National Bank Trust Division’s holdings in KKR & Co. Inc. were worth $2,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its holdings in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $154,468,000. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after buying an additional 895,891 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in shares of KKR & Co. Inc. by 317.0% in the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after acquiring an additional 704,091 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.3 %

Shares of KKR traded down $0.46 during mid-day trading on Monday, reaching $140.47. The company had a trading volume of 1,944,995 shares, compared to its average volume of 2,885,747. 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 company has a market capitalization of $124.77 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The firm has a 50-day moving average price of $152.19 and a 200 day moving average price of $133.09. KKR & Co. Inc. has a 52 week low of $80.20 and a 52 week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.73 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders 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 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup boosted their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.93.

KKR & Co. Inc. Profile

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.