KKR & Co. Inc. $KKR Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKRFree Report) by 53.1% in the third quarter, Holdings Channel reports. The firm owned 28,715 shares of the asset manager’s stock after buying an additional 9,955 shares during the period. Prime Capital Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $3,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KKR. ESL Trust Services LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $28,000. Richardson Financial Services Inc. increased its position in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $33,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. News Roundup

Here are the key news stories impacting KKR & Co. Inc. this week:

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KKR shares. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. UBS Group lowered their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Read Our Latest Research Report on KKR

KKR & Co. Inc. Stock Up 4.1%

Shares of NYSE KKR opened at $103.25 on Friday. The company has a market capitalization of $92.03 billion, a P/E ratio of 44.12, a P/E/G ratio of 0.89 and a beta of 1.99. 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 company has a 50 day simple moving average of $126.64 and a 200-day simple moving average of $130.37. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue was up 76.1% on a year-over-year basis. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is 31.36%.

About KKR & Co. Inc.

(Free Report)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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