Assenagon Asset Management S.A. Purchases 338,019 Shares of KKR & Co. Inc. (NYSE:KKR)

Assenagon Asset Management S.A. grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 61.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 890,926 shares of the asset manager's stock after buying an additional 338,019 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of KKR & Co. Inc. worth $131,777,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. lifted its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock worth $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $40,000. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KKR shares. Evercore ISI increased their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. JMP Securities lifted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a "buy" rating and a $148.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $6.85 during mid-day trading on Wednesday, hitting $150.50. 5,081,859 shares of the stock were exchanged, compared to its average volume of 3,426,873. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68. The stock's fifty day simple moving average is $152.33 and its two-hundred day simple moving average is $133.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $133.68 billion, a P/E ratio of 45.74, a PEG ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

KKR & Co. Inc. Company Profile

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.