KKR & Co. Inc. $KKR Stock Position Raised by Dilation Capital Management LP

Dilation Capital Management LP raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,378 shares of the asset manager’s stock after purchasing an additional 9,975 shares during the quarter. KKR & Co. Inc. accounts for about 5.9% of Dilation Capital Management LP’s holdings, making the stock its 6th biggest holding. Dilation Capital Management LP’s holdings in KKR & Co. Inc. were worth $11,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Clearstead Trust LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $28,000. Richardson Financial Services Inc. raised its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. during the second quarter worth about $31,000. Salomon & Ludwin LLC bought a new stake in KKR & Co. Inc. during the third quarter worth about $36,000. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research reports. Wall Street Zen cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Barclays decreased their price target on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. UBS Group reduced their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $156.43.

KKR & Co. Inc. Stock Up 1.2%

NYSE KKR opened at $124.32 on Thursday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market capitalization of $110.81 billion, a PE ratio of 52.68, a PEG ratio of 1.07 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 moving average is $128.06 and its 200 day moving average is $132.82.

KKR & Co. Inc. (NYSE:KKR) last released 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. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business posted $1.38 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.185 per share. 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 payout ratio is presently 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.