Tidal Investments LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,102 shares of the asset manager's stock after purchasing an additional 5,935 shares during the period. Tidal Investments LLC's holdings in KKR & Co. Inc. were worth $7,195,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of KKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock valued at $7,559,000 after buying an additional 4,719 shares during the last quarter. Swedbank AB boosted its holdings in shares of KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock valued at $6,886,000 after acquiring an additional 16,424 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of KKR & Co. Inc. by 116.8% in the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock valued at $3,117,000 after acquiring an additional 15,959 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock worth $1,976,000 after acquiring an additional 4,481 shares during the period. Finally, Cinctive Capital Management LP purchased a new position in KKR & Co. Inc. during the third quarter worth about $4,725,000. Hedge funds and other institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Trading Down 0.6 %
Shares of KKR & Co. Inc. stock traded down $0.99 during mid-day trading on Friday, hitting $154.76. 1,636,968 shares of the stock were exchanged, compared to its average volume of 4,212,028. The stock has a market capitalization of $137.46 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 company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $147.22 and a 200 day simple moving average of $126.49.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.73 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.45%. KKR & Co. Inc.'s payout ratio is currently 21.28%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on KKR shares. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective for the company. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.21.
View Our Latest Stock Analysis on KKR
About KKR & Co. Inc.
(
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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