Stephens Inc. AR Acquires 15,072 Shares of KKR & Co. Inc. $KKR

Stephens Inc. AR raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188,598 shares of the asset manager’s stock after buying an additional 15,072 shares during the period. Stephens Inc. AR’s holdings in KKR & Co. Inc. were worth $24,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in KKR & Co. Inc. during the second quarter valued at approximately $31,000. DiNuzzo Private Wealth Inc. boosted its position in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Salomon & Ludwin LLC bought a new position in KKR & Co. Inc. in the third quarter valued at approximately $36,000. Finally, Quent Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $47,000. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KKR. Barclays cut their price objective on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Citigroup cut their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $156.43.

KKR & Co. Inc. Trading Down 2.9%

Shares of KKR & Co. Inc. stock opened at $130.08 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $127.08 and a two-hundred day simple moving average of $133.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $115.95 billion, a price-to-earnings ratio of 55.12, a P/E/G ratio of 1.06 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm 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 13.84% and a return on equity of 6.12%. During the same period in the previous year, the company earned $1.38 earnings per share. 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 declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.