KKR & Co. Inc. $KKR Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,760 shares of the asset manager’s stock after acquiring an additional 4,169 shares during the period. Wilmington Savings Fund Society FSB’s holdings in KKR & Co. Inc. were worth $3,867,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Interstate Bank acquired a new stake in KKR & Co. Inc. during the 2nd quarter valued at $3,115,000. Aberdeen Group plc boosted its position in KKR & Co. Inc. by 4.1% in the 2nd 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 boosted its position in KKR & Co. Inc. by 5.8% in the 2nd 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 last quarter. Generali Asset Management SPA SGR grew its stake in shares of KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after acquiring an additional 21,270 shares in the last quarter. Finally, Natixis increased its position in shares of 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 acquiring an additional 50,176 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $131.65 on Friday. The company has a fifty day moving average price of $127.78 and a two-hundred day moving average price of $133.05. 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. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market cap of $117.35 billion, a PE ratio of 55.78, a P/E/G ratio of 1.14 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share 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 business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

Analyst Ratings Changes

A number of research analysts recently commented on KKR shares. Wall Street Zen downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Saturday. Barclays cut their target price on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. UBS Group decreased their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Finally, BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Company Profile

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.