Allspring Global Investments Holdings LLC Has $140.14 Million Position in KKR & Co. Inc. $KKR

Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,099,424 shares of the asset manager’s stock after buying an additional 8,138 shares during the period. Allspring Global Investments Holdings LLC’s holdings in KKR & Co. Inc. were worth $140,144,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in KKR & Co. Inc. in the second quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. lifted its position in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the period. MorganRosel Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $56,000. Finally, Mountain Hill Investment Partners Corp. increased its position in shares of KKR & Co. Inc. by 30.3% during the second quarter. Mountain Hill Investment Partners Corp. now owns 430 shares of the asset manager’s stock worth $57,000 after buying an additional 100 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR opened at $128.57 on Wednesday. The firm has a market cap of $114.60 billion, a P/E ratio of 54.48, a PEG ratio of 1.40 and a beta of 1.99. The firm has a 50-day moving average of $124.71 and a 200 day moving average of $132.65. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 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 period in the prior year, the firm earned $1.38 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KKR. Citigroup dropped their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of KKR & Co. Inc. in a research report on Wednesday, December 24th. Morgan Stanley cut their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Oppenheimer decreased their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, TD Cowen dropped their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.79.

About KKR & Co. Inc.

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.