Opinicus Capital Inc. Acquires Shares of 1,994 KKR & Co. Inc. $KKR

Opinicus Capital Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,994 shares of the asset manager’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $218,000. CWM LLC lifted its stake in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in KKR & Co. Inc. by 5.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 2,769 shares of the asset manager’s stock valued at $320,000 after acquiring an additional 147 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in KKR & Co. Inc. by 11.9% during the 1st quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager’s stock worth $1,109,000 after acquiring an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Oppenheimer reduced their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Barclays lifted their target price on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One research 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.79.

KKR & Co. Inc. Trading Down 0.7%

Shares of KKR opened at $119.96 on Friday. The firm has a market cap of $106.93 billion, a P/E ratio of 55.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. 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 business has a 50-day moving average of $128.26 and a 200 day moving average of $131.05.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly 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. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $1.38 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

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.