Montag A & Associates Inc. Sells 1,519 Shares of KKR & Co. Inc. $KKR

Montag A & Associates Inc. reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 50.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the asset manager’s stock after selling 1,519 shares during the quarter. Montag A & Associates Inc.’s holdings in KKR & Co. Inc. were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $844,137,000. Jennison Associates LLC increased its stake in KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after acquiring an additional 4,306,290 shares during the last quarter. Amundi increased its stake in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Unisphere Establishment raised its position in KKR & Co. Inc. by 1,594.5% during the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in KKR & Co. Inc. by 45.2% during the first quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock worth $352,795,000 after purchasing an additional 950,300 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent research reports. Citigroup reduced their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday. 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 report on Tuesday, October 14th. Finally, Barclays upped their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $157.79.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $122.91 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business’s 50 day simple moving average is $128.90 and its two-hundred day simple moving average is $131.08. The stock has a market capitalization of $109.56 billion, a P/E ratio of 57.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.