KKR & Co. Inc. $KKR Stock Holdings Raised by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 362,019 shares of the asset manager’s stock after purchasing an additional 5,477 shares during the period. Bahl & Gaynor Inc.’s holdings in KKR & Co. Inc. were worth $48,159,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Amundi lifted its stake in KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment boosted its holdings in KKR & Co. Inc. by 1,594.5% in the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after purchasing an additional 1,187,900 shares during the period. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after purchasing an additional 1,099,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in KKR & Co. Inc. by 45.2% during the first quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock valued at $352,795,000 after purchasing an additional 950,300 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 3.7%

Shares of KKR & Co. Inc. stock opened at $118.67 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The business’s fifty day moving average price is $125.76 and its two-hundred day moving average price is $131.08. The company has a market capitalization of $105.78 billion, a P/E ratio of 55.20, a PEG ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company earned $1.38 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, November 17th. KKR & Co. Inc.’s payout ratio is 31.36%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KKR. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. 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. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Oppenheimer lowered their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.31.

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.