Essex Savings Bank Sells 591 Shares of KKR & Co. Inc. (NYSE:KKR)

Essex Savings Bank decreased its position in KKR & Co. Inc. (NYSE:KKR) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,794 shares of the asset manager’s stock after selling 591 shares during the period. Essex Savings Bank’s holdings in KKR & Co. Inc. were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after purchasing an additional 4,719 shares in the last quarter. XTX Topco Ltd grew its position in KKR & Co. Inc. by 116.8% during the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after acquiring an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in KKR & Co. Inc. by 42.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 31.1% in the third quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock valued at $12,110,000 after buying an additional 22,007 shares during the last quarter. Finally, Caldwell Investment Management Ltd. boosted its position in KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after buying an additional 5,900 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KKR. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI lifted their price target on shares of 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, The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $150.50 on Thursday. The firm has a fifty day simple moving average of $152.33 and a 200 day simple moving average of $133.73. The stock has a market capitalization of $133.68 billion, a PE ratio of 45.74, a P/E/G ratio of 0.84 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $80.20 and a 1-year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.73 EPS. On average, research analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s 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.