Czech National Bank boosted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,366 shares of the asset manager's stock after buying an additional 8,979 shares during the quarter. Czech National Bank's holdings in KKR & Co. Inc. were worth $21,649,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. Dudley Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock valued at $404,000 after buying an additional 80 shares during the period. FWG Holdings LLC lifted its stake in shares of KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager's stock valued at $717,000 after purchasing an additional 80 shares during the period. Sigma Planning Corp lifted its stake in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager's stock valued at $847,000 after purchasing an additional 81 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 1.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager's stock valued at $871,000 after purchasing an additional 81 shares in the last quarter. Finally, Connable Office Inc. grew its stake in KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager's stock worth $2,522,000 after purchasing an additional 82 shares during the period. Institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Stock Up 0.3 %
KKR traded up $0.44 during mid-day trading on Monday, reaching $141.37. 3,492,566 shares of the stock were exchanged, compared to its average volume of 3,116,395. KKR & Co. Inc. has a 1 year low of $80.20 and a 1 year high of $163.68. 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 stock has a market capitalization of $125.57 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The company has a 50 day moving average price of $152.28 and a two-hundred day moving average price of $133.34.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on KKR. Morgan Stanley increased their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday. Barclays increased their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $159.93.
Check Out Our Latest Stock Analysis on KKR & Co. Inc.
KKR & Co. Inc. 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.
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