Chickasaw Capital Management LLC Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

Chickasaw Capital Management LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,583 shares of the asset manager’s stock after selling 680 shares during the quarter. KKR & Co. Inc. makes up 0.6% of Chickasaw Capital Management LLC’s holdings, making the stock its 19th largest holding. Chickasaw Capital Management LLC’s holdings in KKR & Co. Inc. were worth $15,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. lifted its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $45,000. Finally, Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the third quarter worth $40,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR stock traded down $4.95 during trading on Tuesday, reaching $145.79. The company had a trading volume of 2,467,589 shares, compared to its average volume of 2,263,015. The firm has a 50-day simple moving average of $151.62 and a 200-day simple moving average of $132.01. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $129.49 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the firm earned $0.73 EPS. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent research reports. Morgan Stanley upped their price objective 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. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Citigroup boosted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $160.07.

KKR & Co. Inc. Company 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.