ABN Amro Investment Solutions Acquires New Holdings in KKR & Co. Inc. $KKR

ABN Amro Investment Solutions bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,158 shares of the asset manager’s stock, valued at approximately $1,351,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. CWM LLC grew its holdings in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after buying an additional 398 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in KKR & Co. Inc. by 5.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 2,769 shares of the asset manager’s stock valued at $320,000 after buying an additional 147 shares during the last quarter. Finally, Forum Financial Management LP increased its position in KKR & Co. Inc. by 11.9% in the 1st quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager’s stock worth $1,109,000 after buying an additional 1,023 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 0.7%

Shares of NYSE:KKR opened at $119.96 on Friday. The company’s fifty day moving average is $128.26 and its 200-day moving average is $131.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $106.93 billion, a PE ratio of 55.80, a P/E/G ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the firm posted $1.38 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Citigroup decreased their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays increased their target price on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer decreased their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.