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

Nordea Investment Management AB lessened its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at $31,000. Raleigh Capital Management Inc. grew 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 valued at $31,000 after buying an additional 85 shares during the last quarter. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Y.D. More Investments Ltd acquired a new stake in KKR & Co. Inc. during the second quarter worth approximately $38,000. Finally, Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth approximately $40,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen upped their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Citigroup upped their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a report on Friday, October 25th. Hsbc Global Res raised KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. JMP Securities upped their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.07.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $7.27 on Friday, hitting $140.97. 3,968,588 shares of the company's stock were exchanged, compared to its average volume of 3,053,696. The stock has a 50-day moving average of $152.19 and a 200-day moving average of $132.73. The stock has a market cap of $125.21 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 52 week low of $80.20 and a 52 week high of $163.68. 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. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.73 EPS. Analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued 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 0.50%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 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.