Foster & Motley Inc. Buys Shares of 11,964 KKR & Co Inc (KKR)

Foster & Motley Inc. bought a new stake in shares of KKR & Co Inc (NYSE:KKR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,964 shares of the asset manager’s stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Rockefeller Capital Management L.P. bought a new position in shares of KKR & Co Inc during the 2nd quarter valued at approximately $102,000. Edge Wealth Management LLC bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at approximately $104,000. Financial Architects Inc bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at approximately $106,000. Thompson Siegel & Walmsley LLC bought a new position in shares of KKR & Co Inc during the 2nd quarter valued at approximately $137,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of KKR & Co Inc during the 3rd quarter valued at approximately $160,000. 62.79% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on KKR shares. JMP Securities boosted their target price on KKR & Co Inc from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Citigroup boosted their target price on KKR & Co Inc from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 10th. Deutsche Bank boosted their target price on KKR & Co Inc from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th. Wells Fargo & Co boosted their target price on KKR & Co Inc from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Finally, Oppenheimer set a $29.00 target price on KKR & Co Inc and gave the company a “buy” rating in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. KKR & Co Inc currently has a consensus rating of “Buy” and a consensus price target of $30.33.

Shares of KKR & Co Inc stock opened at $23.89 on Friday. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73.

KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The company had revenue of $491.50 million for the quarter, compared to the consensus estimate of $401.39 million. KKR & Co Inc had a return on equity of 7.25% and a net margin of 48.08%. On average, equities analysts expect that KKR & Co Inc will post 1.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, November 2nd. KKR & Co Inc’s dividend payout ratio (DPR) is presently 28.57%.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr acquired 13,402 shares of the business’s stock in a transaction on Monday, August 13th. The shares were bought at an average price of $13.48 per share, with a total value of $180,658.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 130,656 shares of company stock worth $1,914,185 in the last ninety days.

About KKR & Co Inc

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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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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