KKR & Co. Inc. $KKR Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,893 shares of the asset manager’s stock after selling 10,945 shares during the period. Nisa Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $8,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Interstate Bank purchased a new position in KKR & Co. Inc. in the 2nd quarter valued at $3,115,000. Aberdeen Group plc grew its holdings in shares of KKR & Co. Inc. by 4.1% during 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 in the last quarter. California Public Employees Retirement System raised 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 valued at $152,371,000 after buying an additional 62,566 shares during the last quarter. Natixis lifted its stake in shares of KKR & Co. Inc. by 48.1% in the second quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after buying an additional 50,176 shares in the last quarter. Finally, Highland Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 41.9% in the second quarter. Highland Capital Management LLC now owns 16,340 shares of the asset manager’s stock worth $2,174,000 after buying an additional 4,823 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective for the company. UBS Group started coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They set a “buy” rating and a $176.00 target price on the stock. Morgan Stanley dropped their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Barclays cut their price target on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a report on Friday. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Stock Up 0.8%

Shares of NYSE KKR opened at $134.77 on Friday. The company has a market capitalization of $120.13 billion, a P/E ratio of 57.11, a P/E/G ratio of 1.07 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day simple moving average of $126.51 and a 200-day simple moving average of $133.06. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for 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 period in the prior year, the firm posted $1.38 earnings per share. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

KKR & Co. Inc. Profile

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.