Ascent Group LLC Increases Position in KKR & Co. Inc. $KKR

Ascent Group LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 519.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,192 shares of the asset manager’s stock after buying an additional 12,738 shares during the period. Ascent Group LLC’s holdings in KKR & Co. Inc. were worth $1,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Brighton Jones LLC lifted its position in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $218,000. Baird Financial Group Inc. raised its stake in shares of KKR & Co. Inc. by 0.7% during the first quarter. Baird Financial Group Inc. now owns 27,217 shares of the asset manager’s stock worth $3,147,000 after purchasing an additional 201 shares during the last quarter. Amundi lifted its holdings in shares of 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 period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of KKR & Co. Inc. by 266.4% during the first quarter. Alyeska Investment Group L.P. now owns 523,288 shares of the asset manager’s stock worth $60,497,000 after purchasing an additional 380,473 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $127.43 on Friday. The firm has a market capitalization of $113.58 billion, a price-to-earnings ratio of 54.00, a price-to-earnings-growth ratio of 1.37 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50 day simple moving average is $124.93 and its 200-day simple moving average is $132.58. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during 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 period in the previous year, the firm posted $1.38 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.185 dividend. 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 payout ratio is currently 31.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reduced their target price 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. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a 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 on the stock in a report on Tuesday, October 14th. UBS Group initiated coverage on KKR & Co. Inc. in a research report on Thursday, December 11th. They set a “buy” rating and a $176.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $158.79.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.