Citizens Financial Group Inc. RI Has $4.17 Million Stock Holdings in KKR & Co. Inc. $KKR

Citizens Financial Group Inc. RI boosted its position in KKR & Co. Inc. (NYSE:KKR) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,064 shares of the asset manager’s stock after buying an additional 4,041 shares during the period. Citizens Financial Group Inc. RI’s holdings in KKR & Co. Inc. were worth $4,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. during the 2nd quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $36,000. DiNuzzo Private Wealth Inc. raised its holdings in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after buying an additional 245 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at $56,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KKR shares. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Citigroup cut their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 7th. TD Cowen dropped their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Barclays cut their target price on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $134.08 on Tuesday. The stock has a 50 day moving average of $126.84 and a 200 day moving average of $133.11. The company has a market capitalization of $119.51 billion, a price-to-earnings ratio of 56.81, a PEG ratio of 1.07 and a beta of 1.99. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period last year, the firm posted $1.38 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given 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 currently 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.