J.W. Cole Advisors Inc. Has $3.49 Million Stock Holdings in KKR & Co. Inc. $KKR

J.W. Cole Advisors Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 8.6% in the second quarter, HoldingsChannel reports. The firm owned 26,240 shares of the asset manager’s stock after purchasing an additional 2,073 shares during the period. J.W. Cole Advisors Inc.’s holdings in KKR & Co. Inc. were worth $3,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised 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 acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $218,000. Avantax Advisory Services Inc. raised its position in KKR & Co. Inc. by 4.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,779 shares of the asset manager’s stock valued at $2,865,000 after purchasing an additional 1,153 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in KKR & Co. Inc. by 89.1% in the first quarter. Prosperity Consulting Group LLC now owns 3,640 shares of the asset manager’s stock worth $421,000 after purchasing an additional 1,715 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of KKR & Co. Inc. by 13.6% during the first quarter. Mackenzie Financial Corp now owns 64,300 shares of the asset manager’s stock worth $7,434,000 after purchasing an additional 7,702 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 0.2%

Shares of KKR & Co. Inc. stock opened at $121.11 on Thursday. The stock has a market cap of $107.95 billion, a P/E ratio of 56.33, a P/E/G 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. The business’s 50 day moving average is $124.28 and its 200-day moving average is $131.25. 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 issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) 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 business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $1.38 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Analyst Ratings Changes

A number of research analysts recently issued reports on KKR shares. BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Morgan Stanley decreased their price target on shares of 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. Barclays boosted 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. Finally, Keefe, Bruyette & Woods increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.31.

About KKR & Co. Inc.

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.