PNC Financial Services Group Inc. Buys 762 Shares of KE Holdings Inc. (NYSE:BEKE)

PNC Financial Services Group Inc. lifted its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,379 shares of the company’s stock after buying an additional 762 shares during the quarter. PNC Financial Services Group Inc.’s holdings in KE were worth $173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE during the 3rd quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in shares of KE during the fourth quarter valued at $30,000. Principal Securities Inc. raised its holdings in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. US Bancorp DE lifted its stake in KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company’s stock worth $163,000 after acquiring an additional 2,623 shares during the period. Finally, Quantbot Technologies LP bought a new position in KE during the 3rd quarter worth about $219,000. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Barclays boosted their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and upped their target price for the stock from $22.70 to $24.50 in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, KE currently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Down 4.3 %

Shares of KE stock opened at $20.63 on Monday. The company has a market cap of $24.92 billion, a P/E ratio of 42.09, a PEG ratio of 3.45 and a beta of -0.82. The firm’s 50 day moving average price is $19.98 and its 200-day moving average price is $19.53. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05.

KE Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be given a $0.36 dividend. This is a boost from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 1.4%. KE’s dividend payout ratio (DPR) is presently 75.00%.

KE Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.