Mitsubishi UFJ Trust & Banking Corp Lowers Position in KKR & Co. Inc. $KKR

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.6% in the third quarter, Holdings Channel reports. The firm owned 260,033 shares of the asset manager’s stock after selling 9,670 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in KKR & Co. Inc. were worth $33,791,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KKR. Brighton Jones LLC increased its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC boosted its position in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares during the period. CX Institutional increased its holdings in KKR & Co. Inc. by 68.9% in the 2nd quarter. CX Institutional now owns 2,317 shares of the asset manager’s stock valued at $308,000 after purchasing an additional 945 shares during the last quarter. Finally, Signaturefd LLC raised its position in KKR & Co. Inc. by 3.9% in the second quarter. Signaturefd LLC now owns 8,229 shares of the asset manager’s stock valued at $1,095,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several research analyst reports. BMO Capital Markets began coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday. Barclays dropped their target price on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Morgan Stanley reduced their price target on shares of 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. Finally, Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.43.

KKR & Co. Inc. Trading Down 1.8%

KKR opened at $121.27 on Monday. The business has a fifty day moving average price of $128.15 and a 200 day moving average price of $132.57. 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 12 month low of $86.15 and a 12 month high of $170.40. The stock has a market capitalization of $108.10 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 1.05 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business posted $1.38 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s payout ratio is 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.