KKR & Co. Inc. $KKR Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 30.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 154,656 shares of the asset manager’s stock after purchasing an additional 36,170 shares during the quarter. Schroder Investment Management Group’s holdings in KKR & Co. Inc. were worth $20,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Commerce Bank boosted its position in KKR & Co. Inc. by 3.6% during the 1st quarter. Commerce Bank now owns 13,662 shares of the asset manager’s stock valued at $1,579,000 after purchasing an additional 470 shares during the period. PNC Financial Services Group Inc. grew its stake in KKR & Co. Inc. by 1.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 203,330 shares of the asset manager’s stock worth $23,507,000 after buying an additional 2,922 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in KKR & Co. Inc. by 17.6% during the 1st quarter. Banco Santander S.A. now owns 2,633 shares of the asset manager’s stock worth $304,000 after buying an additional 395 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $122.72 on Wednesday. The firm has a 50-day moving average price of $122.16 and a 200 day moving average price of $131.14. The firm has a market capitalization of $109.39 billion, a PE ratio of 57.08, 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. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

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, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the firm earned $1.38 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. Barclays raised their target price on KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Citigroup cut their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley reduced their target price 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. Finally, BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.