Moody National Bank Trust Division Sells 752 Shares of KKR & Co. Inc. (NYSE:KKR)

Moody National Bank Trust Division decreased its position in KKR & Co. Inc. (NYSE:KKR) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,661 shares of the asset manager’s stock after selling 752 shares during the quarter. Moody National Bank Trust Division’s holdings in KKR & Co. Inc. were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its stake in KKR & Co. Inc. by 3.2% in the second quarter. Private Advisor Group LLC now owns 14,686 shares of the asset manager’s stock worth $1,546,000 after purchasing an additional 458 shares during the period. LPL Financial LLC lifted its position in shares of KKR & Co. Inc. by 11.8% in the 2nd quarter. LPL Financial LLC now owns 395,738 shares of the asset manager’s stock worth $41,648,000 after purchasing an additional 41,778 shares during the period. American Century Companies Inc. grew its stake in KKR & Co. Inc. by 2.4% in the second quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock valued at $11,059,000 after purchasing an additional 2,440 shares during the last quarter. Meeder Advisory Services Inc. increased its position in KKR & Co. Inc. by 72.3% during the 2nd quarter. Meeder Advisory Services Inc. now owns 7,432 shares of the asset manager’s stock valued at $782,000 after buying an additional 3,119 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of KKR & Co. Inc. by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 278,309 shares of the asset manager’s stock valued at $29,289,000 after purchasing an additional 34,201 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.93.

KKR & Co. Inc. Trading Down 0.3 %

Shares of NYSE KKR traded down $0.46 during midday trading on Monday, reaching $140.47. 1,944,995 shares of the stock were exchanged, compared to its average volume of 2,885,747. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68. The stock has a market capitalization of $124.77 billion, a P/E ratio of 42.70, a PEG ratio of 1.22 and a beta of 1.66. The company has a 50 day simple moving average of $152.19 and a 200 day simple moving average of $133.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, equities analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.