Munro Partners Takes Position in KKR & Co. Inc. $KKR

Munro Partners bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 363,250 shares of the asset manager’s stock, valued at approximately $47,204,000.

Other hedge funds have also bought and sold shares of the company. Integris Wealth Management LLC raised its stake in KKR & Co. Inc. by 5.7% in the third quarter. Integris Wealth Management LLC now owns 2,098 shares of the asset manager’s stock valued at $273,000 after buying an additional 113 shares during the period. GLOBALT Investments LLC GA increased its holdings in shares of KKR & Co. Inc. by 89.0% during the 3rd quarter. GLOBALT Investments LLC GA now owns 6,310 shares of the asset manager’s stock worth $820,000 after acquiring an additional 2,972 shares during the last quarter. Shikiar Asset Management Inc. raised its stake in KKR & Co. Inc. by 1.8% in the 3rd quarter. Shikiar Asset Management Inc. now owns 26,376 shares of the asset manager’s stock valued at $3,428,000 after acquiring an additional 469 shares during the period. Gridiron Partners LLC raised its stake in KKR & Co. Inc. by 8.5% in the 3rd quarter. Gridiron Partners LLC now owns 8,373 shares of the asset manager’s stock valued at $1,003,000 after acquiring an additional 657 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in KKR & Co. Inc. by 18.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 25,837 shares of the asset manager’s stock valued at $3,358,000 after purchasing an additional 4,046 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $130.96 on Wednesday. The firm has a 50-day moving average price of $123.79 and a two-hundred day moving average price of $132.44. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a market capitalization of $116.73 billion, a P/E ratio of 55.49, a P/E/G ratio of 1.42 and a beta of 2.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same period in the previous year, the business earned $1.38 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price objective on the stock. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Barclays increased their price target on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Weiss Ratings restated a “sell (d+)” rating on shares of KKR & Co. Inc. in a report on Thursday, December 18th. Finally, Morgan Stanley decreased their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.79.

About KKR & Co. Inc.

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.