Mediolanum International Funds Ltd Acquires 58,921 Shares of KKR & Co. Inc. $KKR

Mediolanum International Funds Ltd raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 55.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 164,583 shares of the asset manager’s stock after purchasing an additional 58,921 shares during the quarter. Mediolanum International Funds Ltd’s holdings in KKR & Co. Inc. were worth $22,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KKR. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% in the fourth 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 in the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $218,000. Sivia Capital Partners LLC grew its holdings in KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares during the last quarter. Truist Financial Corp increased its position in KKR & Co. Inc. by 3.4% in the 2nd quarter. Truist Financial Corp now owns 100,983 shares of the asset manager’s stock valued at $13,434,000 after acquiring an additional 3,332 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. raised its stake in shares of KKR & Co. Inc. by 207.6% in the second quarter. ASR Vermogensbeheer N.V. now owns 37,675 shares of the asset manager’s stock worth $5,011,000 after acquiring an additional 25,425 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KKR shares. Morgan Stanley lowered their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Barclays lowered their target price on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Finally, Oppenheimer dropped their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Trading Down 0.6%

NYSE:KKR opened at $114.31 on Friday. 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 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market capitalization of $101.89 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 0.99 and a beta of 1.99. The business’s 50-day moving average price is $128.18 and its two-hundred day moving average price is $131.78.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period in the previous year, the company earned $1.38 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

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.