KKR & Co. Inc. (NYSE:KKR) Position Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,545 shares of the asset manager’s stock after purchasing an additional 105 shares during the period. Sunbelt Securities Inc.’s holdings in KKR & Co. Inc. were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. Canada Pension Plan Investment Board grew its position in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after buying an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter worth $154,468,000. Massachusetts Financial Services Co. MA raised its position in shares of KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of KKR & Co. Inc. by 315.6% during the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after purchasing an additional 895,891 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KKR shares. Morgan Stanley lifted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

KKR & Co. Inc. Trading Down 1.0 %

Shares of KKR stock opened at $155.75 on Friday. The firm has a market capitalization of $138.34 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 1 year low of $77.02 and a 1 year high of $163.68. The firm’s fifty day simple moving average is $147.22 and its 200 day simple moving average is $126.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is presently 21.28%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.