Peapack Gladstone Financial Corp Sells 534 Shares of KKR & Co. Inc. (NYSE:KKR)

Peapack Gladstone Financial Corp decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,057 shares of the asset manager’s stock after selling 534 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in KKR & Co. Inc. were worth $400,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. in the third quarter worth about $31,000. Raleigh Capital Management Inc. raised its holdings in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. Eastern Bank acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. American National Bank lifted its position in shares of KKR & Co. Inc. by 202.6% during the 2nd 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 stake in KKR & Co. Inc. in the second quarter valued at $38,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 1.2 %

Shares of KKR opened at $156.13 on Tuesday. The stock’s fifty day simple moving average is $148.14 and its 200-day simple moving average is $127.51. The firm has a market capitalization of $138.68 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12-month low of $78.95 and a 12-month 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.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $0.73 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued 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 is presently 21.28%.

Analyst Ratings Changes

KKR has been the subject of a number of analyst reports. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. Finally, Wells Fargo & Company increased their price target on 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 research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.21.

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.