Schroder Investment Management Group Decreases Holdings in KE Holdings Inc. (NYSE:BEKE)

Schroder Investment Management Group reduced its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,900,341 shares of the company's stock after selling 620,658 shares during the period. Schroder Investment Management Group owned about 0.74% of KE worth $164,033,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE in the 3rd quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in KE during the fourth quarter valued at about $30,000. Principal Securities Inc. grew its holdings in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. increased its position in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after buying an additional 1,416 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of 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 buying an additional 2,623 shares during the period. 39.34% of the stock is currently owned by institutional investors.

KE Trading Down 7.2 %

BEKE traded down $1.52 during trading on Friday, hitting $19.46. 11,117,369 shares of the company traded hands, compared to its average volume of 9,649,095. The company has a market cap of $23.51 billion, a PE ratio of 39.71, a P/E/G ratio of 3.45 and a beta of -0.73. The stock's 50-day simple moving average is $20.72 and its two-hundred day simple moving average is $19.90. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05.

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KE Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a $0.36 dividend. This is an increase from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date is Wednesday, April 9th. KE's payout ratio is currently 64.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BEKE shares. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley raised their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.26.

KE Company 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.