KKR & Co. Inc. (NYSE:KKR) Stake Raised by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. grew its stake in KKR & Co. Inc. (NYSE:KKR) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,400 shares of the asset manager’s stock after purchasing an additional 5,900 shares during the period. KKR & Co. Inc. makes up about 21.2% of Caldwell Investment Management Ltd.’s portfolio, making the stock its biggest position. Caldwell Investment Management Ltd.’s holdings in KKR & Co. Inc. were worth $31,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP boosted its position in KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after acquiring an additional 124,257 shares in the last quarter. Geode Capital Management LLC boosted its position in KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, FMR LLC boosted its position in KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after acquiring an additional 165,631 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on KKR shares. HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Trading Up 3.7 %

KKR opened at $148.93 on Wednesday. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. The stock has a market capitalization of $132.28 billion, a PE ratio of 45.27, a P/E/G ratio of 1.22 and a beta of 1.66. The business’s 50 day moving average price is $152.37 and its 200 day moving average price is $133.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released 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. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

About KKR & Co. Inc.

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.