Nordea Investment Management AB Sells 4,420 Shares of KKR & Co. Inc. (NYSE:KKR)

Nordea Investment Management AB cut its stake in KKR & Co. Inc. (NYSE:KKR) by 8.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,421 shares of the asset manager’s stock after selling 4,420 shares during the period. Nordea Investment Management AB’s holdings in KKR & Co. Inc. were worth $7,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its stake in KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after acquiring an additional 2,133,290 shares during the period. APG Asset Management N.V. bought a new position in KKR & Co. Inc. in the second quarter worth $154,468,000. Massachusetts Financial Services Co. MA boosted its stake in KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after buying an additional 996,871 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of KKR & Co. Inc. by 315.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after buying an additional 895,891 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of KKR & Co. Inc. by 317.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock worth $97,474,000 after acquiring an additional 704,091 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $148.05 on Friday. The firm has a market capitalization of $131.50 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 12-month low of $80.20 and a 12-month high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $152.12 and a 200-day moving average of $132.49.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during 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, equities research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Upgrades and Downgrades

KKR has been the topic of several analyst 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 note on Thursday, October 10th. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their price objective on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

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.