Northern Trust Corp Raises Holdings in KKR & Co Inc (KKR)

Northern Trust Corp raised its position in KKR & Co Inc (NYSE:KKR) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,068,458 shares of the asset manager’s stock after buying an additional 93,941 shares during the quarter. Northern Trust Corp’s holdings in KKR & Co Inc were worth $40,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focused Wealth Management Inc grew its position in shares of KKR & Co Inc by 1.0% in the fourth quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock valued at $1,238,000 after purchasing an additional 645 shares in the last quarter. Rothschild Investment Corp IL grew its position in shares of KKR & Co Inc by 1.4% in the fourth quarter. Rothschild Investment Corp IL now owns 50,365 shares of the asset manager’s stock valued at $989,000 after purchasing an additional 672 shares in the last quarter. Keybank National Association OH grew its position in shares of KKR & Co Inc by 2.8% in the fourth quarter. Keybank National Association OH now owns 25,041 shares of the asset manager’s stock valued at $492,000 after purchasing an additional 677 shares in the last quarter. Curbstone Financial Management Corp grew its position in shares of KKR & Co Inc by 1.0% in the fourth quarter. Curbstone Financial Management Corp now owns 87,000 shares of the asset manager’s stock valued at $2,162,000 after purchasing an additional 850 shares in the last quarter. Finally, ETF Managers Group LLC grew its position in shares of KKR & Co Inc by 17.7% in the fourth quarter. ETF Managers Group LLC now owns 6,532 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 983 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

KKR & Co Inc stock opened at $23.66 on Friday. KKR & Co Inc has a 52 week low of $18.30 and a 52 week high of $28.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $13.08 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 3.25 and a beta of 1.66.

KKR & Co Inc (NYSE:KKR) last posted its earnings results on Friday, February 1st. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. KKR & Co Inc had a return on equity of 6.86% and a net margin of 48.08%. The business had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $489.48 million. During the same period in the previous year, the business earned $0.45 earnings per share. As a group, equities research analysts predict that KKR & Co Inc will post 1.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Monday, February 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 8th. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $22.00 price target on KKR & Co Inc and gave the company a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group cut KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research report on Friday, January 4th. Finally, Citigroup reduced their price target on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. KKR & Co Inc currently has a consensus rating of “Buy” and a consensus price target of $30.03.

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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, lower middle market and middle market investments.

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

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