KKR & Co. Inc. $KKR Stock Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its position in KKR & Co. Inc. (NYSE:KKR) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,100 shares of the asset manager’s stock after purchasing an additional 4,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in KKR & Co. Inc. were worth $29,252,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. First Interstate Bank acquired a new position in KKR & Co. Inc. during the 2nd quarter valued at $3,115,000. Aberdeen Group plc raised its position in shares of KKR & Co. Inc. by 4.1% during the second 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 during the last quarter. California Public Employees Retirement System lifted its stake in shares of KKR & Co. Inc. by 5.8% in the second quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock valued at $152,371,000 after buying an additional 62,566 shares during the period. Natixis grew its position in KKR & Co. Inc. by 48.1% during the second quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after buying an additional 50,176 shares in the last quarter. Finally, Highland Capital Management LLC increased its stake in KKR & Co. Inc. by 41.9% during the second quarter. Highland Capital Management LLC now owns 16,340 shares of the asset manager’s stock valued at $2,174,000 after acquiring an additional 4,823 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $130.88 on Thursday. The firm has a market capitalization of $116.66 billion, a P/E ratio of 55.46, a P/E/G ratio of 1.08 and a beta of 1.99. The stock has a fifty day moving average price of $125.87 and a two-hundred day moving average price of $132.94. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, 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 was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KKR. UBS Group started coverage on KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price objective for the company. Morgan Stanley reduced their target price 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 decreased 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 research note on Monday, November 10th. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup decreased their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $158.79.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.