Vinva Investment Management Ltd Acquires 1,990 Shares of KKR & Co. Inc. $KKR

Vinva Investment Management Ltd boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 21.9% in the second quarter, HoldingsChannel.com reports. The firm owned 11,060 shares of the asset manager’s stock after buying an additional 1,990 shares during the period. Vinva Investment Management Ltd’s holdings in KKR & Co. Inc. were worth $1,485,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KKR. Keefe, Bruyette & Woods boosted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Barclays lifted their target price on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Citigroup cut their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

KKR & Co. Inc. Stock Down 0.3%

Shares of NYSE:KKR opened at $120.42 on Friday. The business’s 50 day simple moving average is $123.15 and its two-hundred day simple moving average is $131.14. The firm has a market cap of $107.33 billion, a P/E ratio of 56.01, a PEG ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. 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 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. 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 during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be paid 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 is Monday, November 17th. KKR & Co. Inc.’s payout ratio 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.