47,856 Shares in KKR & Co. Inc. $KKR Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 47,856 shares of the asset manager’s stock, valued at approximately $6,219,000.

Other institutional investors have also added to or reduced their stakes in the company. CFM Wealth Partners LLC boosted its stake in shares of KKR & Co. Inc. by 10.2% during the 3rd quarter. CFM Wealth Partners LLC now owns 34,327 shares of the asset manager’s stock valued at $4,461,000 after purchasing an additional 3,185 shares in the last quarter. Tandem Financial LLC bought a new position in KKR & Co. Inc. in the third quarter worth about $234,000. Vanguard Personalized Indexing Management LLC raised its position in shares of KKR & Co. Inc. by 6.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 20,200 shares of the asset manager’s stock worth $2,625,000 after acquiring an additional 1,203 shares in the last quarter. Intact Investment Management Inc. lifted its stake in shares of KKR & Co. Inc. by 38.1% in the 3rd quarter. Intact Investment Management Inc. now owns 5,800 shares of the asset manager’s stock valued at $754,000 after purchasing an additional 1,600 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of KKR & Co. Inc. by 1.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 150,957 shares of the asset manager’s stock valued at $19,617,000 after purchasing an additional 1,624 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 2.2%

NYSE:KKR opened at $118.55 on Tuesday. The firm has a market cap of $105.67 billion, a P/E ratio of 50.23, a P/E/G ratio of 1.05 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a 50-day simple moving average of $128.23 and a two-hundred day simple moving average of $132.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion for 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 quarter in the prior year, the firm posted $1.38 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Morgan Stanley reduced their price target on 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. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. Citigroup cut their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $156.43.

KKR & Co. Inc. Profile

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.