KKR & Co. Inc. $KKR Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 41.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,690 shares of the asset manager’s stock after selling 35,240 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in KKR & Co. Inc. were worth $6,610,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. First Interstate Bank purchased a new stake in KKR & Co. Inc. during the 2nd quarter worth about $3,115,000. Aberdeen Group plc lifted its holdings in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after purchasing an additional 10,960 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after purchasing an additional 237,987 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth about $463,000. Finally, FORA Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth about $248,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 3.7%

Shares of NYSE KKR opened at $118.67 on Friday. The stock has a market capitalization of $105.78 billion, a PE ratio of 55.20, a P/E/G ratio of 1.33 and a beta of 1.92. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $125.76 and a 200-day moving average of $131.08. 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 issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $1.38 earnings per share. On average, analysts anticipate 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. Investors of record on Monday, November 17th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. BMO Capital Markets started coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. Barclays raised their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $156.31.

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.