Fisher Funds Management LTD Grows Position in KKR & Co. Inc. $KKR

Fisher Funds Management LTD increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 430,075 shares of the asset manager’s stock after acquiring an additional 38,275 shares during the quarter. KKR & Co. Inc. comprises about 1.5% of Fisher Funds Management LTD’s portfolio, making the stock its 20th largest holding. Fisher Funds Management LTD’s holdings in KKR & Co. Inc. were worth $55,888,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. increased its holdings in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth about $31,000. Salomon & Ludwin LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter worth about $36,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on KKR shares. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Oppenheimer cut 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. Wall Street Zen cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 7th. Finally, Morgan Stanley dropped 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $131.65 on Tuesday. The stock’s fifty day moving average is $128.00 and its 200 day moving average is $132.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market capitalization of $117.35 billion, a PE ratio of 55.78, a PEG ratio of 1.14 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping 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 company 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 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company 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. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

About KKR & Co. Inc.

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.