KKR & Co. Inc. $KKR Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 17.9% in the 3rd quarter, Holdings Channel reports. The firm owned 27,351 shares of the asset manager’s stock after purchasing an additional 4,153 shares during the period. Park Avenue Securities LLC’s holdings in KKR & Co. Inc. were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS increased its stake in KKR & Co. Inc. by 2.0% in the third quarter. KLP Kapitalforvaltning AS now owns 225,100 shares of the asset manager’s stock valued at $29,252,000 after purchasing an additional 4,500 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of KKR & Co. Inc. by 15.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,849 shares of the asset manager’s stock worth $240,000 after buying an additional 245 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of KKR & Co. Inc. by 0.8% during the third quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the asset manager’s stock worth $4,678,000 after buying an additional 300 shares during the last quarter. Greenleaf Trust grew its holdings in shares of KKR & Co. Inc. by 23.4% during the third quarter. Greenleaf Trust now owns 8,307 shares of the asset manager’s stock worth $1,079,000 after buying an additional 1,574 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in KKR & Co. Inc. by 6.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 102,129 shares of the asset manager’s stock valued at $13,272,000 after acquiring an additional 6,048 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.8%

KKR & Co. Inc. stock opened at $134.77 on Friday. The stock’s 50 day moving average price is $126.51 and its 200 day moving average price is $133.03. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market cap of $120.13 billion, a PE ratio of 57.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.99. 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 released its 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. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter last year, the company earned $1.38 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Analyst Ratings Changes

KKR has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. UBS Group started coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They set a “buy” rating and a $176.00 price target for the company. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Finally, TD Cowen cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.07.

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.