CHICAGO TRUST Co NA Sells 85 Shares of KKR & Co. Inc. (NYSE:KKR)

CHICAGO TRUST Co NA reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,552 shares of the asset manager’s stock after selling 85 shares during the quarter. CHICAGO TRUST Co NA’s holdings in KKR & Co. Inc. were worth $230,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Raleigh Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth about $31,000. Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter worth about $34,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $45,000. Finally, Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $40,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 0.3 %

Shares of NYSE:KKR opened at $141.37 on Tuesday. The company has a 50 day moving average price of $152.28 and a two-hundred day moving average price of $133.34. 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 company has a market capitalization of $125.57 billion, a PE ratio of 42.97, a PEG 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.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the company earned $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders 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 dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KKR. Barclays raised their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Evercore ISI raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.93.

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.