Creative Planning Boosts Stock Holdings in KKR & Co. Inc. $KKR

Creative Planning raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 82,878 shares of the asset manager’s stock after acquiring an additional 3,410 shares during the quarter. Creative Planning’s holdings in KKR & Co. Inc. were worth $11,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of KKR. First Interstate Bank purchased a new position in shares of KKR & Co. Inc. in the second quarter worth about $3,115,000. National Bank of Canada FI boosted its holdings in KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after buying an additional 237,987 shares during the period. Aberdeen Group plc grew its stake in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares in the last quarter. CWM LLC raised its holdings in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth $463,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on KKR. Oppenheimer decreased their price objective on 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. Citigroup reduced their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. One equities 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 stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $156.31.

KKR & Co. Inc. Trading Up 0.2%

Shares of KKR stock opened at $114.22 on Wednesday. The company has a market capitalization 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. has a 52-week low of $86.15 and a 52-week high of $170.40. The business’s fifty day moving average is $127.31 and its 200 day moving average is $131.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

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

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. 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.