Financial Counselors Inc. purchased a new stake in shares of KKR & Co Inc (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The fund purchased 84,310 shares of the asset manager’s stock, valued at approximately $2,299,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edge Wealth Management LLC bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $104,000. Financial Architects Inc bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $106,000. Rockefeller Capital Management L.P. bought a new position in shares of KKR & Co Inc during the 2nd quarter valued at $102,000. Thompson Siegel & Walmsley LLC bought a new position in shares of KKR & Co Inc during the 2nd quarter valued at $137,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at $160,000. 62.79% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Fund Holdings L.P. Kkr bought 13,402 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average cost of $13.48 per share, with a total value of $180,658.96. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders purchased 130,656 shares of company stock worth $1,914,185.
Shares of KKR & Co Inc stock opened at $24.57 on Friday. KKR & Co Inc has a one year low of $18.74 and a one year high of $28.73. The firm has a market capitalization of $12.14 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.04 and a beta of 1.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87.
KKR & Co Inc (NYSE:KKR) last announced its earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. KKR & Co Inc had a return on equity of 7.25% and a net margin of 48.08%. The company had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $401.39 million. As a group, analysts forecast that KKR & Co Inc will post 1.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. KKR & Co Inc’s dividend payout ratio is currently 28.57%.
Several research firms have recently weighed in on KKR. Oppenheimer set a $35.00 price target on KKR & Co Inc and gave the company a “buy” rating in a report on Tuesday, July 24th. Citigroup increased their price target on KKR & Co Inc from $28.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Deutsche Bank lowered their price target on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, October 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $35.00 price target on shares of KKR & Co Inc in a report on Friday, July 27th. Finally, Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.33.
KKR & Co Inc Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.
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