KBC Group NV Reduces Position in KKR & Co. Inc. $KKR

KBC Group NV cut its position in KKR & Co. Inc. (NYSE:KKR) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,851 shares of the asset manager’s stock after selling 1,082 shares during the period. KBC Group NV’s holdings in KKR & Co. Inc. were worth $6,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC increased its stake 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 buying an additional 2,437 shares during the period. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $218,000. CWM LLC boosted its holdings in shares of KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after buying an additional 398 shares in the last quarter. Mayflower Financial Advisors LLC grew 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 worth $320,000 after buying an additional 147 shares during the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of KKR & Co. Inc. by 11.9% in the first quarter. Forum Financial Management LP now owns 9,589 shares of the asset manager’s stock valued at $1,109,000 after buying an additional 1,023 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. Barclays increased their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen raised 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 given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Stock Down 0.7%

NYSE:KKR opened at $119.96 on Friday. The stock has a 50 day moving average of $128.26 and a 200-day moving average of $131.05. The firm has a market capitalization of $106.93 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a current ratio of 0.08, a quick 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 posted its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $1.38 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 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.