AdvisorNet Financial Inc Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

AdvisorNet Financial Inc boosted its stake in KKR & Co. Inc. (NYSE:KKRFree Report) by 417.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,180 shares of the asset manager’s stock after purchasing an additional 1,759 shares during the quarter. AdvisorNet Financial Inc’s holdings in KKR & Co. Inc. were worth $322,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in shares of KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. APG Asset Management N.V. purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at approximately $154,468,000. Hsbc Holdings PLC grew its holdings in KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after buying an additional 895,891 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in KKR & Co. Inc. by 317.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock worth $97,474,000 after acquiring an additional 704,091 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of KKR & Co. Inc. by 3,757.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after acquiring an additional 538,573 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.8 %

NYSE KKR opened at $153.19 on Friday. KKR & Co. Inc. has a 12 month low of $80.48 and a 12 month high of $163.68. The company’s 50-day moving average price is $152.38 and its 200-day moving average price is $133.87. The stock has a market cap of $136.07 billion, a PE ratio of 46.56, a PEG ratio of 0.84 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.73 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders 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 yield of 0.46%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KKR shares. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company lowered their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday. JMP Securities boosted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley raised their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

Get Our Latest Stock Analysis on KKR

KKR & Co. Inc. Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKRFree Report).

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.