Allworth Financial LP Has $853,000 Holdings in KKR & Co. Inc. $KKR

Allworth Financial LP raised its stake in KKR & Co. Inc. (NYSE:KKR) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,415 shares of the asset manager’s stock after buying an additional 1,272 shares during the quarter. Allworth Financial LP’s holdings in KKR & Co. Inc. were worth $853,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 1.5% in the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after purchasing an additional 870,176 shares in the last quarter. Nuveen LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Amundi increased its holdings in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Jennison Associates LLC grew its stake in KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after buying an additional 4,306,290 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of KKR & Co. Inc. by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,792,048 shares of the asset manager’s stock valued at $438,399,000 after purchasing an additional 19,717 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 0.7%

Shares of KKR & Co. Inc. stock opened at $119.96 on Friday. The company’s 50 day moving average price is $128.26 and its 200-day moving average price is $131.05. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a market capitalization of $106.93 billion, a price-to-earnings ratio of 55.80, a P/E/G ratio of 1.33 and a beta of 1.92. 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. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business earned $1.38 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed 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%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Oppenheimer decreased their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Barclays increased their price target on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.79.

KKR & Co. Inc. 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.