Skandinaviska Enskilda Banken AB publ Decreases Position in KKR & Co. Inc. $KKR

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,890 shares of the asset manager’s stock after selling 6,434 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in KKR & Co. Inc. were worth $26,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Glenview Trust Co increased its stake in shares of KKR & Co. Inc. by 5.6% in the third quarter. Glenview Trust Co now owns 7,118 shares of the asset manager’s stock worth $925,000 after buying an additional 378 shares during the period. Southeast Asset Advisors LLC raised its stake in shares of KKR & Co. Inc. by 1.9% during the third quarter. Southeast Asset Advisors LLC now owns 22,847 shares of the asset manager’s stock valued at $2,969,000 after acquiring an additional 422 shares during the last quarter. Zions Bancorporation National Association UT boosted its holdings in shares of KKR & Co. Inc. by 1.5% during the third quarter. Zions Bancorporation National Association UT now owns 9,112 shares of the asset manager’s stock worth $1,184,000 after purchasing an additional 136 shares during the period. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock valued at $7,698,608,000 after purchasing an additional 585,893 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its position in KKR & Co. Inc. by 1.3% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 21,865 shares of the asset manager’s stock valued at $2,841,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $102.38 on Wednesday. The firm has a market cap of $91.26 billion, a price-to-earnings ratio of 43.75, a P/E/G ratio of 0.79 and a beta of 1.99. The firm has a fifty day moving average price of $123.27 and a 200 day moving average price of $128.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business posted $1.32 EPS. The firm’s revenue was up 76.1% on a year-over-year basis. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer decreased their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Finally, Barclays reduced their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.57.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction dated Monday, February 9th. The stock was purchased at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the transaction, the director owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This trade represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

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.