KKR & Co. Inc. $KKR Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,760 shares of the asset manager’s stock after acquiring an additional 4,169 shares during the period. Wilmington Savings Fund Society FSB’s holdings in KKR & Co. Inc. were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in KKR & Co. Inc. by 454.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after buying an additional 1,132,046 shares in the last quarter. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after buying an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after buying an additional 765,457 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of KKR & Co. Inc. by 260.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,039,163 shares of the asset manager’s stock worth $138,240,000 after acquiring an additional 750,906 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of a number of recent research reports. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 7th. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $146.00 to $131.00 in a research note on Wednesday. Citigroup lowered their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Barclays cut their price target on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.43.

KKR & Co. Inc. Stock Up 0.3%

Shares of KKR opened at $131.65 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company’s fifty day moving average is $127.78 and its two-hundred day moving average is $133.05. The firm has a market cap of $117.35 billion, a PE ratio of 55.78, a price-to-earnings-growth ratio of 1.14 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last issued 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 return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $1.38 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is currently 31.36%.

About KKR & Co. Inc.

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.