Everence Capital Management Inc. Purchases New Holdings in KKR & Co. Inc. (NYSE:KKR)

Everence Capital Management Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,790 shares of the asset manager’s stock, valued at approximately $2,483,000.

A number of other hedge funds also recently modified their holdings of KKR. Canada Pension Plan Investment Board increased its holdings in KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after buying an additional 2,133,290 shares during the period. APG Asset Management N.V. bought a new stake in KKR & Co. Inc. during the second quarter worth $154,468,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after buying an additional 895,891 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in KKR & Co. Inc. by 317.0% during the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock worth $97,474,000 after acquiring an additional 704,091 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.5 %

Shares of NYSE KKR traded up $2.30 during trading on Friday, hitting $151.49. 371,940 shares of the company traded hands, compared to its average volume of 984,083. KKR & Co. Inc. has a fifty-two week low of $79.53 and a fifty-two week high of $163.68. The firm has a market capitalization of $134.56 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 1.22 and a beta of 1.63. The business’s fifty day moving average is $151.18 and its 200 day moving average is $131.14. 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 announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price objective on KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. JMP Securities increased their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. Finally, Barclays lifted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Profile

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.