Ariel Investments LLC Purchases 27,084 Shares of KKR & Co. Inc. $KKR

Ariel Investments LLC raised its position in KKR & Co. Inc. (NYSE:KKR) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 302,109 shares of the asset manager’s stock after acquiring an additional 27,084 shares during the period. Ariel Investments LLC’s holdings in KKR & Co. Inc. were worth $40,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth $28,000. Pineridge Advisors LLC acquired a new position in KKR & Co. Inc. during the 2nd quarter valued at about $31,000. Saudi Central Bank purchased a new stake in KKR & Co. Inc. in the first quarter valued at about $28,000. DiNuzzo Private Wealth Inc. boosted its holdings in KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after acquiring an additional 245 shares in the last quarter. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. in the first quarter worth about $44,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 4.3%

KKR & Co. Inc. stock opened at $135.88 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock’s 50 day simple moving average is $121.73 and its two-hundred day simple moving average is $131.48. The firm has a market cap of $121.12 billion, a PE ratio of 57.58, a P/E/G ratio of 1.40 and a beta of 2.00.

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, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $1.38 EPS. Analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced 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. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KKR. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. 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 report on Monday, November 10th. Citigroup lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

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.