Schroder Investment Management Group Reduces Position in KE Holdings Inc. (NYSE:BEKE)

Schroder Investment Management Group decreased its holdings in KE Holdings Inc. (NYSE:BEKE) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,900,341 shares of the company’s stock after selling 620,658 shares during the quarter. Schroder Investment Management Group owned approximately 0.74% of KE worth $164,033,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE in the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in KE in the fourth quarter valued at $30,000. Principal Securities Inc. grew its holdings in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after purchasing an additional 1,416 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of KE by 42.3% in the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock valued at $163,000 after purchasing an additional 2,623 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BEKE shares. Morgan Stanley lifted their price target on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group cut KE from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.26.

KE Trading Down 2.8 %

NYSE:BEKE opened at $20.59 on Monday. The stock has a 50 day moving average of $20.39 and a 200-day moving average of $19.75. The firm has a market capitalization of $24.88 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05.

KE Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. This is an increase from KE’s previous — dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE’s dividend payout ratio is presently 64.58%.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.