Heron Bay Capital Management Grows Holdings in KKR & Co. Inc. $KKR

Heron Bay Capital Management boosted its position in KKR & Co. Inc. (NYSE:KKR) by 58.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 93,735 shares of the asset manager’s stock after acquiring an additional 34,534 shares during the quarter. KKR & Co. Inc. makes up 2.5% of Heron Bay Capital Management’s investment portfolio, making the stock its 15th biggest position. Heron Bay Capital Management’s holdings in KKR & Co. Inc. were worth $12,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth about $844,137,000. Amundi boosted its holdings in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment grew its stake in KKR & Co. Inc. by 1,594.5% during the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares in the last quarter. Vanguard Group Inc. increased 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 worth $7,803,135,000 after purchasing an additional 1,099,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in KKR & Co. Inc. by 45.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock worth $352,795,000 after purchasing an additional 950,300 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $118.67 on Friday. The stock has a market capitalization of $105.78 billion, a PE ratio of 55.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The business’s fifty day moving average price is $125.76 and its 200 day moving average price is $131.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid 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 dividend payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research analyst reports. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Citigroup dropped 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 report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $156.31.

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.