Renaissance Group LLC Has $356,000 Stake in KKR & Co. Inc. $KKR

Renaissance Group LLC trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 98.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,675 shares of the asset manager’s stock after selling 204,043 shares during the period. Renaissance Group LLC’s holdings in KKR & Co. Inc. were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KKR. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $28,000. Clearstead Trust LLC bought a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $28,000. Pineridge Advisors LLC bought a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after buying an additional 245 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 111 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $117.47 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50-day moving average of $126.87 and a 200-day moving average of $131.17. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $104.71 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $1.38 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on KKR. Keefe, Bruyette & Woods raised their price objective 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. Barclays raised their price target on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Morgan Stanley decreased their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $156.31.

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.