Knights of Columbus Asset Advisors LLC Buys 37,155 Shares of KKR & Co. Inc. $KKR

Knights of Columbus Asset Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,155 shares of the asset manager’s stock, valued at approximately $3,392,000.

A number of other large investors have also modified their holdings of KKR. Legal & General Group Plc purchased a new position in shares of KKR & Co. Inc. in the second quarter worth about $470,778,000. Amundi boosted its position in KKR & Co. Inc. by 65.3% during the first quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after acquiring an additional 1,472,265 shares during the last quarter. Temasek Holdings Private Ltd boosted its position in KKR & Co. Inc. by 164.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after acquiring an additional 2,190,248 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in KKR & Co. Inc. by 1.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock worth $317,700,000 after acquiring an additional 55,489 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in KKR & Co. Inc. during the 2nd quarter valued at about $298,311,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Trending Headlines about KKR & Co. Inc.

Investors following KKR have been watching these headlines:

• Positive Sentiment: Analysts raised price targets. Piper Sandler lifted its target to $125 and kept an Overweight rating; Morgan Stanley also raised its target, to $140, and maintained Overweight. These moves signal confidence in KKR’s outlook. Piper Sandler ratings Morgan Stanley ratings
• Positive Sentiment: Quarterly results beat expectations. KKR exceeded consensus estimates for earnings and revenue. A report noted revenue was nevertheless down notably year over year, tempering the otherwise positive read-through. Earnings analysis
• Neutral Sentiment: Analyst views remain mixed. Oppenheimer lowered its target but retained an Outperform rating, while Wells Fargo raised its target and kept an Equal Weight rating, reflecting some caution alongside broader optimism.

Analyst Ratings Changes

A number of research firms have commented on KKR. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a report on Monday, October 12th. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays lowered their target price on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Finally, Argus upped their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.32.

KKR & Co. Inc. Stock Down 0.8%

Shares of KKR opened at $100.02 on Thursday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $144.84. The company has a market capitalization of $89.23 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72. The stock has a fifty day simple moving average of $95.49 and a two-hundred day simple moving average of $97.98. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.58 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $2.66 billion. KKR & Co. Inc. had a return on equity of 6.33% and a net margin of 16.38%. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 7.35 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.1950 per share. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 22.74%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.