Prudential Financial Inc. Raises Stock Position in KKR & Co. Inc. $KKR

Prudential Financial Inc. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 389,639 shares of the asset manager’s stock after acquiring an additional 31,258 shares during the period. Prudential Financial Inc.’s holdings in KKR & Co. Inc. were worth $51,834,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KKR. Coldstream Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 19.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 7,282 shares of the asset manager’s stock worth $969,000 after purchasing an additional 1,162 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in KKR & Co. Inc. by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,826,899 shares of the asset manager’s stock worth $509,092,000 after buying an additional 34,851 shares in the last quarter. Nemes Rush Group LLC increased its stake in KKR & Co. Inc. by 37.3% during the 2nd quarter. Nemes Rush Group LLC now owns 2,125 shares of the asset manager’s stock worth $283,000 after buying an additional 577 shares in the last quarter. Heron Bay Capital Management raised its holdings in shares of KKR & Co. Inc. by 58.3% during the second quarter. Heron Bay Capital Management now owns 93,735 shares of the asset manager’s stock valued at $12,470,000 after acquiring an additional 34,534 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of KKR & Co. Inc. by 1.5% in the second quarter. Bahl & Gaynor Inc. now owns 362,019 shares of the asset manager’s stock valued at $48,159,000 after acquiring an additional 5,477 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley dropped their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Keefe, Bruyette & Woods raised their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.31.

KKR & Co. Inc. Stock Down 0.7%

NYSE KKR opened at $117.88 on Tuesday. The business’s fifty day simple moving average is $125.22 and its 200-day simple moving average is $131.30. 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 firm has a market cap of $105.07 billion, a PE ratio of 54.83, a P/E/G 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.

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, beating 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 during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

About KKR & Co. Inc.

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.