KKR & Co. Inc. (NYSE:KKR) Shares Purchased by USA Financial Formulas

USA Financial Formulas boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,477 shares of the asset manager’s stock after acquiring an additional 666 shares during the quarter. USA Financial Formulas’ holdings in KKR & Co. Inc. were worth $1,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after purchasing an additional 481,686 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after acquiring an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after acquiring an additional 124,257 shares during the period. Geode Capital Management LLC raised its holdings in KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC grew its holdings in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KKR shares. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Barclays lifted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Trading Up 4.8 %

NYSE:KKR opened at $150.50 on Thursday. The stock has a market cap of $133.68 billion, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business’s 50-day simple moving average is $152.33 and its 200 day simple moving average is $133.73.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.