1832 Asset Management L.P. Has $19.26 Million Holdings in KKR & Co. Inc. $KKR

1832 Asset Management L.P. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 283.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,740 shares of the asset manager’s stock after buying an additional 107,020 shares during the quarter. 1832 Asset Management L.P.’s holdings in KKR & Co. Inc. were worth $19,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in KKR & Co. Inc. by 109.6% in the 4th 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 shares of KKR & Co. Inc. in the fourth quarter worth $218,000. Blair William & Co. IL grew its stake in shares of KKR & Co. Inc. by 10.5% in the first quarter. Blair William & Co. IL now owns 31,085 shares of the asset manager’s stock worth $3,594,000 after purchasing an additional 2,953 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in KKR & Co. Inc. by 98.5% in the first quarter. Commonwealth Equity Services LLC now owns 191,540 shares of the asset manager’s stock valued at $22,144,000 after purchasing an additional 95,024 shares during the period. Finally, Wealthspire Advisors LLC increased its holdings in KKR & Co. Inc. by 12.2% in the first quarter. Wealthspire Advisors LLC now owns 3,257 shares of the asset manager’s stock valued at $377,000 after purchasing an additional 355 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $128.29 on Friday. The company has a fifty day moving average price of $121.78 and a 200-day moving average price of $131.09. The firm has a market cap of $114.35 billion, a price-to-earnings ratio of 54.36, a PEG ratio of 1.36 and a beta of 2.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Analysts Set New Price Targets

Several brokerages have issued reports on KKR. Citigroup dropped their price target 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. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. 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.