Crescent Park Management L.P. Has $16.86 Million Stock Position in KKR & Co. Inc. $KKR

Crescent Park Management L.P. boosted its position in KKR & Co. Inc. (NYSE:KKR) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,708 shares of the asset manager’s stock after buying an additional 947 shares during the period. KKR & Co. Inc. makes up 6.5% of Crescent Park Management L.P.’s holdings, making the stock its 2nd biggest holding. Crescent Park Management L.P.’s holdings in KKR & Co. Inc. were worth $16,856,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. in the 1st quarter worth about $28,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the second quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. in the second quarter worth approximately $31,000. DiNuzzo Private Wealth Inc. lifted its stake in KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares during the period. Finally, SouthState Corp bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $44,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 0.2%

Shares of NYSE:KKR opened at $122.06 on Tuesday. The business’s 50 day moving average is $122.65 and its 200 day moving average is $131.16. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $108.80 billion, a price-to-earnings ratio of 56.77, a PEG ratio of 1.33 and a beta of 1.92. 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 released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business 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 6.30% and a net margin of 12.95%.During the same period in the prior year, the firm posted $1.38 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 is Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is 31.36%.

Analyst Ratings Changes

Several research firms have recently weighed in on KKR. Morgan Stanley lowered their price objective 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. Citigroup decreased 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 note on Monday, October 13th. Barclays increased their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods boosted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, TD Cowen cut their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target 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.