9,937 Shares in KKR & Co. Inc. $KKR Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,937 shares of the asset manager’s stock, valued at approximately $1,322,000.

Several other hedge funds also recently added to or reduced their stakes in KKR. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $28,000. 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 valued at $37,000 after acquiring an additional 245 shares during the period. GW&K Investment Management LLC lifted its stake in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. SouthState Corp purchased a new stake in KKR & Co. Inc. during the first quarter worth $44,000. Finally, Meeder Asset Management Inc. grew its position in KKR & Co. Inc. by 112.9% during the first quarter. Meeder Asset Management Inc. now owns 396 shares of the asset manager’s stock valued at $46,000 after buying an additional 210 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $122.34 on Thursday. The business has a 50-day simple moving average of $128.90 and a 200-day simple moving average of $131.08. The company has a market cap of $109.05 billion, a PE ratio of 56.83, a P/E/G ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly 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. 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 return on equity of 6.30% and a net margin of 12.95%.During the same quarter last year, the business posted $1.38 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. Morgan Stanley dropped 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. Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. BMO Capital Markets began coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. Barclays boosted their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.79.

KKR & Co. Inc. Company 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.