Mediolanum International Funds Ltd Acquires 58,921 Shares of KKR & Co. Inc. $KKR

Mediolanum International Funds Ltd raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 55.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,583 shares of the asset manager’s stock after buying an additional 58,921 shares during the quarter. Mediolanum International Funds Ltd’s holdings in KKR & Co. Inc. were worth $22,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Covenant Asset Management LLC increased its holdings in shares of KKR & Co. Inc. by 1,424.8% during the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after purchasing an additional 27,870 shares during the period. Generali Asset Management SPA SGR grew its position in KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock worth $4,850,000 after buying an additional 21,270 shares in the last quarter. First Interstate Bank bought a new position in KKR & Co. Inc. during the second quarter valued at about $3,115,000. Stonegate Investment Group LLC bought a new position in KKR & Co. Inc. during the third quarter valued at about $6,219,000. Finally, Aberdeen Group plc raised its holdings in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after acquiring an additional 10,960 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent research reports. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Barclays lowered their price target on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Citigroup reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $156.57.

KKR & Co. Inc. Stock Down 0.6%

Shares of NYSE KKR opened at $114.31 on Friday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The business has a fifty day moving average of $128.18 and a two-hundred day moving average of $131.78. The stock has a market cap of $101.89 billion, a PE ratio of 48.44, a PEG ratio of 0.99 and a beta of 1.99.

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

KKR & Co. Inc. Dividend Announcement

The company 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 of this dividend 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 presently 31.36%.

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.