Cetera Investment Advisers Buys 4,374 Shares of KKR & Co. Inc. $KKR

Cetera Investment Advisers grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,472 shares of the asset manager’s stock after acquiring an additional 4,374 shares during the period. Cetera Investment Advisers’ holdings in KKR & Co. Inc. were worth $18,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fusion Capital LLC lifted its holdings in KKR & Co. Inc. by 16.3% during the 2nd quarter. Fusion Capital LLC now owns 5,936 shares of the asset manager’s stock worth $790,000 after purchasing an additional 834 shares during the last quarter. Creative Planning grew its holdings in KKR & Co. Inc. by 4.3% in the 2nd quarter. Creative Planning now owns 82,878 shares of the asset manager’s stock valued at $11,025,000 after buying an additional 3,410 shares in the last quarter. Opinicus Capital Inc. acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $265,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of KKR & Co. Inc. by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 166,011 shares of the asset manager’s stock worth $22,084,000 after buying an additional 11,635 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its holdings in shares of KKR & Co. Inc. by 52.1% during the second quarter. Empower Advisory Group LLC now owns 456,013 shares of the asset manager’s stock worth $60,663,000 after buying an additional 156,181 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KKR. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citigroup dropped their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.31.

KKR & Co. Inc. Stock Up 0.2%

KKR stock opened at $114.22 on Wednesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50-day simple moving average of $127.31 and a 200 day simple moving average of $131.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $101.81 billion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company posted $1.38 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.