Forsta AP Fonden Purchases 3,300 Shares of KKR & Co. Inc. $KKR

Forsta AP Fonden raised its position in KKR & Co. Inc. (NYSE:KKR) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,400 shares of the asset manager’s stock after purchasing an additional 3,300 shares during the period. Forsta AP Fonden’s holdings in KKR & Co. Inc. were worth $16,948,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. First Interstate Bank bought a new stake in KKR & Co. Inc. during the 2nd quarter worth approximately $3,115,000. Aberdeen Group plc boosted its holdings in shares of KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares during the period. National Bank of Canada FI boosted its holdings in shares of KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after buying an additional 237,987 shares during the period. CWM LLC increased its position in shares of KKR & Co. Inc. by 4.6% during the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after acquiring an additional 398 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $463,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $122.91 on Thursday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a market cap of $109.56 billion, a P/E ratio of 57.17, a P/E/G ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s 50-day simple moving average is $128.90 and its 200 day simple moving average is $131.08.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations 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 earnings per share. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced 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. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 17th. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KKR shares. Barclays upped their target price on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen reduced their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Morgan Stanley cut their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.79.

KKR & Co. Inc. 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.