KKR & Co. Inc. $KKR Shares Purchased by FineMark National Bank & Trust

FineMark National Bank & Trust raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.1% in the second quarter, Holdings Channel.com reports. The fund owned 145,376 shares of the asset manager’s stock after acquiring an additional 1,602 shares during the period. FineMark National Bank & Trust’s holdings in KKR & Co. Inc. were worth $19,339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth approximately $28,000. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at $28,000. Pineridge Advisors LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at $31,000. DiNuzzo Private Wealth Inc. lifted its position in shares of KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of KKR & Co. Inc. by 44.6% during the 1st 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 last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KKR. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Oppenheimer dropped their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley reduced their price objective 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, Barclays raised their target price on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

KKR & Co. Inc. Stock Up 0.2%

NYSE:KKR opened at $114.22 on Wednesday. The firm has a market capitalization of $101.81 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $127.31 and its 200 day moving average price is $131.26.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $1.38 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. Profile

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.