Oddo BHF Asset Management Sas Makes New $13.97 Million Investment in KKR & Co. Inc. (NYSE:KKR)

Oddo BHF Asset Management Sas acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 106,963 shares of the asset manager's stock, valued at approximately $13,967,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Trust purchased a new stake in KKR & Co. Inc. in the third quarter valued at $202,000. Tidal Investments LLC grew its stake in shares of KKR & Co. Inc. by 12.1% in the 3rd quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager's stock valued at $7,195,000 after purchasing an additional 5,935 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $2,686,000. World Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 17.1% in the 3rd quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager's stock worth $2,637,000 after acquiring an additional 2,954 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 31.1% in the third quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager's stock valued at $12,110,000 after acquiring an additional 22,007 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $158.21.

KKR & Co. Inc. Trading Down 0.9 %

KKR stock traded down $1.41 on Friday, hitting $154.34. 2,610,157 shares of the company were exchanged, compared to its average volume of 4,216,775. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $137.09 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a twelve month low of $78.95 and a twelve month high of $163.68. The business's fifty day moving average is $147.22 and its two-hundred day moving average is $126.49.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its 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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.73 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share 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 issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.45%. KKR & Co. Inc.'s payout ratio is 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.