Skandinaviska Enskilda Banken AB publ Sells 6,800 Shares of KKR & Co. Inc. $KKR

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,324 shares of the asset manager’s stock after selling 6,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in KKR & Co. Inc. were worth $28,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southeast Asset Advisors LLC grew its position in KKR & Co. Inc. by 0.3% during the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after buying an additional 68 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after buying an additional 72 shares in the last quarter. Moors & Cabot Inc. increased its holdings in KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after buying an additional 75 shares during the period. Foundations Investment Advisors LLC increased its holdings in KKR & Co. Inc. by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after buying an additional 84 shares during the period. Finally, Cornerstone Advisory LLC raised its position in shares of KKR & Co. Inc. by 3.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock valued at $412,000 after buying an additional 89 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Morgan Stanley dropped their price objective 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. Oppenheimer decreased their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.31.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $120.42 on Friday. The stock’s 50-day moving average is $123.15 and its 200-day moving average is $131.14. The stock has a market cap of $107.33 billion, a P/E ratio of 56.01, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

About KKR & Co. Inc.

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.