Dupont Capital Management Corp Purchases New Position in KKR & Co. Inc. $KKR

Dupont Capital Management Corp purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 50,828 shares of the asset manager’s stock, valued at approximately $6,605,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after acquiring an additional 765,457 shares in the last quarter. Norges Bank purchased a new position in KKR & Co. Inc. during the 2nd quarter worth $1,530,419,000. Lone Pine Capital LLC grew its stake in shares of KKR & Co. Inc. by 9.6% in the 2nd quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock worth $694,652,000 after acquiring an additional 457,998 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of KKR & Co. Inc. by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock worth $608,787,000 after acquiring an additional 288,006 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KKR shares. TD Cowen cut 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 report on Monday, November 10th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Oppenheimer cut their target price on 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. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $154.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $158.79.

KKR & Co. Inc. Stock Down 0.9%

Shares of NYSE KKR opened at $127.43 on Friday. 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 stock has a market capitalization of $113.58 billion, a PE ratio of 54.00, a P/E/G ratio of 1.37 and a beta of 1.99. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business’s fifty day moving average price is $124.93 and its 200-day moving average price is $132.58.

KKR & Co. Inc. (NYSE:KKR) last announced 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 company had revenue of $4.36 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.38 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date of this dividend 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 31.36%.

KKR & Co. Inc. Company 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.