Osaic Holdings Inc. Buys 12,815 Shares of KKR & Co. Inc. $KKR

Osaic Holdings Inc. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 13.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,511 shares of the asset manager’s stock after acquiring an additional 12,815 shares during the period. Osaic Holdings Inc.’s holdings in KKR & Co. Inc. were worth $14,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in KKR & Co. Inc. during the 2nd quarter worth about $1,530,419,000. Amundi boosted its position in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after buying an additional 2,439,505 shares during the period. Unisphere Establishment boosted its position in shares of KKR & Co. Inc. by 1,594.5% during the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after buying an additional 1,187,900 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of KKR & Co. Inc. by 454.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after buying an additional 1,132,046 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after buying an additional 1,099,263 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent research reports. TD Cowen reduced their price target on 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. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. 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 report on Monday, October 13th. Barclays lifted their price target on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, UBS Group began coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 11th. They set a “buy” rating and a $176.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.79.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $132.00 on Friday. The company has a market cap of $117.66 billion, a price-to-earnings ratio of 55.93, a PEG ratio of 1.42 and a beta of 2.00. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company’s fifty day simple moving average is $123.21 and its 200 day simple moving average is $132.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company posted $1.38 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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