KKR & Co. Inc. $KKR Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,439,650 shares of the asset manager’s stock after buying an additional 21,853 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of KKR & Co. Inc. worth $187,083,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Clearstead Trust LLC bought a new position in KKR & Co. Inc. in the 2nd quarter valued at about $28,000. Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $31,000. DiNuzzo Private Wealth Inc. lifted its stake 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 acquiring an additional 245 shares during the period. Salomon & Ludwin LLC bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $36,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $56,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR stock opened at $134.08 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $119.51 billion, a PE ratio of 56.81, a P/E/G ratio of 1.07 and a beta of 1.99. The firm has a 50-day moving average of $126.84 and a two-hundred day moving average of $133.11.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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 net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $1.38 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend 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%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent analyst reports. UBS Group initiated coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They set a “buy” rating and a $176.00 target price on the stock. TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Barclays cut their price objective on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley decreased their target price on 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. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Profile

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.