KKR & Co. Inc. (NYSE:KKR) Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 37,630 shares of the asset manager’s stock after selling 4,000 shares during the period. KKR & Co. Inc. comprises 0.4% of Cacti Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Cacti Asset Management LLC’s holdings in KKR & Co. Inc. were worth $5,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KKR. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Eastern Bank acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $40,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.5 %

Shares of NYSE KKR traded up $2.22 during midday trading on Thursday, reaching $150.13. 410,434 shares of the company’s stock were exchanged, compared to its average volume of 4,166,298. The stock has a market capitalization of $133.35 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.63. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week 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 business’s fifty day moving average price is $151.06 and its two-hundred day moving average price is $131.01.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. HSBC began coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI upped their price objective 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, JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average 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.