6,449 Shares in KKR & Co. Inc. $KKR Acquired by Berman McAleer LLC

Berman McAleer LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,449 shares of the asset manager’s stock, valued at approximately $589,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Principal Financial Group Inc. grew its holdings in KKR & Co. Inc. by 6.9% during the first quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after buying an additional 1,261,314 shares in the last quarter. Legal & General Group Plc purchased a new stake in KKR & Co. Inc. in the 2nd quarter valued at $470,778,000. Amundi lifted its stake in KKR & Co. Inc. by 65.3% during the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock valued at $344,659,000 after acquiring an additional 1,472,265 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in KKR & Co. Inc. by 164.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after acquiring an additional 2,190,248 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in KKR & Co. Inc. by 1.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock valued at $317,700,000 after acquiring an additional 55,489 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KKR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Bank of America lowered their target price on shares of KKR & Co. Inc. from $147.00 to $143.00 in a report on Tuesday, August 4th. The Goldman Sachs Group lowered their target price on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Jefferies Financial Group dropped their price target on shares of KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.42.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $86.11 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $77.29 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.73 and a beta of 1.83. The stock has a 50 day moving average of $100.62 and a 200 day moving average of $98.44. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.18 earnings per share. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 6.49 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s payout ratio is presently 24.84%.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.20% of the stock is owned by insiders.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.