KKR & Co. Inc. $KKR Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,017 shares of the asset manager’s stock after purchasing an additional 12,687 shares during the period. PNC Financial Services Group Inc.’s holdings in KKR & Co. Inc. were worth $28,737,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KKR. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. in the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. raised its position in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the period. GW&K Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. SouthState Corp acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $44,000. Finally, Meeder Asset Management Inc. increased its position in shares of KKR & Co. Inc. by 112.9% in the first quarter. Meeder Asset Management Inc. now owns 396 shares of the asset manager’s stock worth $46,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.7%

NYSE:KKR opened at $119.96 on Friday. The company has a market capitalization of $106.93 billion, a P/E ratio of 55.80, a P/E/G ratio of 1.33 and a beta of 1.92. The stock’s 50 day moving average price is $128.26 and its 200 day moving average price is $131.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. 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 posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the company earned $1.38 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Barclays raised their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Oppenheimer dropped their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $157.79.

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.