3 days Ago By ABMN Staff
LPL Financial LLC lifted its position in KKR & Co. Inc. ( NYSE:KKR – Free Report ) by 11.
8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 395,738 shares of the asset manager’s stock after purchasing an additional 41,778 shares during the quarter. LPL Financial LLC’s holdings in KKR & Co.
Inc. were worth $41,648,000 at the end of the most recent reporting period. A number of other hedge funds have also recently modified their holdings of the company.
HHM Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 157.
8% in the second quarter. HHM Wealth Advisors LLC now owns 3,609 shares of the asset manager’s stock valued at $380,000 after purchasing an additional 2,209 shares during the period. Andra AP fonden grew its holdings in shares of KKR & Co.
Inc. by 76.0% in the second quarter.
Andra AP fonden now owns 18,300 shares of the asset manager’s stock valued at $1,926,000 after purchasing an additional 7,900 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of KKR & Co.
Inc. by 2.7% in the second quarter.
Royal London Asset Management Ltd. now owns 260,707 shares of the asset manager’s stock valued at $27,437,000 after purchasing an additional 6,741 shares during the period. Texas Permanent School Fund Corp purchased a new stake in shares of KKR & Co.
Inc. in the second quarter valued at about $11,606,000. Finally, Choreo LLC purchased a new stake in shares of KKR & Co.
Inc. in the second quarter valued at about $1,979,000. Hedge funds and other institutional investors own 76.
26% of the company’s stock. Analyst Ratings Changes Several brokerages have weighed in on KKR. The Goldman Sachs Group increased their target price on shares of KKR & Co.
Inc. from $123.00 to $137.
00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI increased their price target on shares of KKR & Co. Inc.
from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th.
Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co.
Inc. in a research report on Thursday, August 1st. Barclays increased their price target on shares of KKR & Co.
Inc. from $114.00 to $117.
00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, JMP Securities raised their target price on shares of KKR & Co. Inc.
from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st.
One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KKR & Co.
Inc. has an average rating of “Moderate Buy” and a consensus price target of $126.86.
KKR & Co. Inc. Stock Performance Shares of KKR & Co.
Inc. stock opened at $122.80 on Monday.
The firm has a market capitalization of $108.98 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.
99 and a beta of 1.62. KKR & Co.
Inc. has a 52 week low of $53.72 and a 52 week high of $128.
79. The company has a quick ratio of 0.07, a current ratio of 0.
07 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $116.
66 and its two-hundred day moving average is $106.78. KKR & Co.
Inc. ( NYSE:KKR – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.
09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20.
KKR & Co. Inc. had a net margin of 17.
99% and a return on equity of 5.05%. The business had revenue of $4.
17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $0.
58 earnings per share. Research analysts forecast that KKR & Co. Inc.
will post 4.01 EPS for the current fiscal year. KKR & Co.
Inc. Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a $0.
175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.
57%. The ex-dividend date was Monday, August 12th. KKR & Co.
Inc.’s dividend payout ratio (DPR) is currently 15.70%.
Insider Buying and Selling at KKR & Co. Inc. In other news, major shareholder Kkr Group Partnership L.
P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.
13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.
92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . 39.
34% of the stock is owned by corporate insiders. KKR & Co. Inc.
Company Profile ( Free Report ) KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. Read More 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:KKR – Free Report ).
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