American Century Companies Inc. Decreases Stock Holdings in KKR & Co. Inc. $KKR

American Century Companies Inc. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 784,894 shares of the asset manager’s stock after selling 15,538 shares during the quarter. American Century Companies Inc. owned 0.09% of KKR & Co. Inc. worth $104,414,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KKR. Nuveen LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at $844,137,000. Amundi increased its position in KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Unisphere Establishment lifted 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 valued at $145,946,000 after acquiring an additional 1,187,900 shares during the period. Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 1.9% in the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in KKR & Co. Inc. by 45.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock worth $352,795,000 after purchasing an additional 950,300 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $120.80 on Wednesday. The stock has a 50-day moving average price of $124.75 and a 200 day moving average price of $131.32. The stock has a market capitalization of $107.68 billion, a P/E ratio of 56.19, a P/E/G ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS 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 company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $1.38 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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 dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Oppenheimer reduced their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. 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. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.