KKR & Co. Inc. $KKR Shares Bought by Korea Investment CORP

Korea Investment CORP grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 78.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 848,466 shares of the asset manager’s stock after buying an additional 372,914 shares during the period. Korea Investment CORP’s holdings in KKR & Co. Inc. were worth $112,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KKR. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the 1st quarter worth $28,000. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at $28,000. Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the second quarter valued at about $31,000. DiNuzzo Private Wealth Inc. lifted its holdings in KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the period. Finally, SouthState Corp bought a new position in KKR & Co. Inc. in the 1st quarter valued at about $44,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. BMO Capital Markets started coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Keefe, Bruyette & Woods increased their price target 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. Citigroup lowered their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Barclays upped their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $156.31.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $121.11 on Thursday. The company has a market capitalization of $107.95 billion, a PE ratio of 56.33, a price-to-earnings-growth 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. The stock has a fifty day moving average of $124.28 and a 200-day moving average of $131.25. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

KKR & Co. Inc. 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.