KKR & Co. Inc. $KKR Shares Bought by Avanza Fonder AB

Avanza Fonder AB grew its position in KKR & Co. Inc. (NYSE:KKR) by 10.5% during the 3rd quarter, Holdings Channel reports. The fund owned 49,392 shares of the asset manager’s stock after buying an additional 4,701 shares during the quarter. Avanza Fonder AB’s holdings in KKR & Co. Inc. were worth $6,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. VCI Wealth Management LLC purchased a new position in KKR & Co. Inc. during the third quarter worth about $1,401,000. CWM LLC grew its holdings in KKR & Co. Inc. by 4.4% during the third quarter. CWM LLC now owns 10,129 shares of the asset manager’s stock worth $1,316,000 after acquiring an additional 431 shares during the period. Spirit of America Management Corp NY lifted its holdings in KKR & Co. Inc. by 4.8% in the third quarter. Spirit of America Management Corp NY now owns 4,350 shares of the asset manager’s stock valued at $565,000 after acquiring an additional 200 shares during the period. Cadent Capital Advisors LLC lifted its holdings in KKR & Co. Inc. by 16.1% in the third quarter. Cadent Capital Advisors LLC now owns 3,970 shares of the asset manager’s stock valued at $516,000 after acquiring an additional 550 shares during the period. Finally, Strid Group LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $208,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of KKR & Co. Inc. in a report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price target for the company. TD Cowen reduced their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Oppenheimer lowered their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of KKR & Co. Inc. in a research report on Wednesday. Finally, Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.79.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $130.87 on Friday. The company has a 50-day simple moving average of $124.18 and a 200-day simple moving average of $132.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $116.65 billion, a PE ratio of 55.45, a price-to-earnings-growth ratio of 1.41 and a beta of 2.00. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the firm posted $1.38 earnings per share. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.