Quarry LP Sells 1,152 Shares of KKR & Co. Inc. (NYSE:KKR)

Quarry LP lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 82.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239 shares of the asset manager’s stock after selling 1,152 shares during the quarter. Quarry LP’s holdings in KKR & Co. Inc. were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KKR. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $31,000. Raleigh Capital Management Inc. raised its stake in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the period. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $34,000. American National Bank raised its stake in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of KKR & Co. Inc. in the second quarter worth about $38,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $155.75 on Friday. The business has a fifty day moving average of $147.22 and a 200 day moving average of $126.49. KKR & Co. Inc. has a 52-week low of $77.02 and a 52-week 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 stock has a market cap of $138.34 billion, a P/E ratio of 47.34, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating 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 business earned $0.73 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KKR shares. Barclays lifted their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $158.21.

About KKR & Co. Inc.

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.