KKR & Co. Inc. $KKR Shares Acquired by FineMark National Bank & Trust

FineMark National Bank & Trust boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,376 shares of the asset manager’s stock after purchasing an additional 1,602 shares during the quarter. FineMark National Bank & Trust’s holdings in KKR & Co. Inc. were worth $19,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KKR. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth about $218,000. CWM LLC lifted its holdings in KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after acquiring an additional 398 shares during the last quarter. Csenge Advisory Group boosted its stake in KKR & Co. Inc. by 7.5% in the first quarter. Csenge Advisory Group now owns 2,029 shares of the asset manager’s stock valued at $235,000 after acquiring an additional 141 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of KKR & Co. Inc. by 3.0% during the first quarter. Kestra Private Wealth Services LLC now owns 9,421 shares of the asset manager’s stock valued at $1,089,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $114.22 on Wednesday. The stock has a market cap of $101.81 billion, a P/E ratio of 53.12, a P/E/G ratio of 1.33 and a beta of 1.92. The firm’s 50-day simple moving average is $127.31 and its 200 day simple moving average is $131.26. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $1.38 EPS. Equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent research reports. BMO Capital Markets started coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Oppenheimer cut their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley reduced their target price 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.31.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.