Gamco Investors INC. ET AL lifted its stake in shares of KKR & Co Inc (NYSE:KKR) by 53.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 387,622 shares of the asset manager’s stock after acquiring an additional 134,422 shares during the period. Gamco Investors INC. ET AL owned approximately 0.07% of KKR & Co Inc worth $10,570,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. BlackRock Inc. lifted its holdings in shares of KKR & Co Inc by 7.8% during the 1st quarter. BlackRock Inc. now owns 621,202 shares of the asset manager’s stock worth $12,610,000 after acquiring an additional 45,199 shares during the last quarter. Principal Financial Group Inc. lifted its stake in KKR & Co Inc by 1.7% in the first quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock worth $295,185,000 after purchasing an additional 237,568 shares during the last quarter. Selz Capital LLC bought a new stake in KKR & Co Inc in the second quarter worth $1,243,000. North Star Investment Management Corp. lifted its stake in KKR & Co Inc by 1.2% in the second quarter. North Star Investment Management Corp. now owns 276,009 shares of the asset manager’s stock worth $6,859,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in KKR & Co Inc by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 60,422 shares of the asset manager’s stock worth $1,501,000 after purchasing an additional 1,956 shares during the last quarter. 62.60% of the stock is owned by institutional investors.
In other news, major shareholder Fund Holdings L.P. Kkr acquired 25,773 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $347,935.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 130,656 shares of company stock worth $1,914,185 in the last 90 days.
Several analysts have weighed in on the stock. Argus raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price target for the company in a research note on Friday, October 26th. They noted that the move was a valuation call. Oppenheimer set a $35.00 price target on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, October 17th. Wells Fargo & Co reissued a “buy” rating on shares of KKR & Co Inc in a research note on Monday, October 15th. Finally, Deutsche Bank lowered their price target on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, October 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. KKR & Co Inc presently has an average rating of “Buy” and an average target price of $30.33.
KKR stock opened at $23.79 on Friday. KKR & Co Inc has a 12-month low of $18.74 and a 12-month high of $28.73. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.01.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%. The firm had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $401.39 million. As a group, equities analysts predict that KKR & Co Inc will post 1.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, November 2nd. KKR & Co Inc’s payout ratio is 21.01%.
KKR & Co Inc Profile
KKR & Co L.P. 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, and middle market investments.
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