Candriam S.C.A. Purchases 5,778 Shares of KKR & Co. Inc. $KKR

Candriam S.C.A. grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,444 shares of the asset manager’s stock after purchasing an additional 5,778 shares during the period. Candriam S.C.A.’s holdings in KKR & Co. Inc. were worth $5,355,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ausdal Financial Partners Inc. boosted its stake in shares of KKR & Co. Inc. by 4.4% in the second quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager’s stock valued at $243,000 after purchasing an additional 112 shares during the period. Eastern Bank grew its holdings in KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 120 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in KKR & Co. Inc. by 3.6% during the 1st quarter. Sunbelt Securities Inc. now owns 3,991 shares of the asset manager’s stock valued at $369,000 after purchasing an additional 140 shares in the last quarter. Boltwood Capital Management increased its stake in KKR & Co. Inc. by 4.5% during the 2nd quarter. Boltwood Capital Management now owns 3,469 shares of the asset manager’s stock worth $318,000 after buying an additional 150 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in KKR & Co. Inc. by 1.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,197 shares of the asset manager’s stock worth $1,022,000 after buying an additional 163 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 2.7%

KKR stock opened at $100.71 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $95.62 and a 200-day simple moving average of $98.08. The company has a market capitalization of $90.40 billion, a P/E ratio of 29.36, a PEG ratio of 0.75 and a beta of 1.72. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.20. KKR & Co. Inc. had a net margin of 16.38% and a return on equity of 6.31%. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company posted $1.41 earnings per share. On average, equities research analysts predict that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR reported third-quarter earnings of $1.78 per share, above the $1.58 consensus and up from $1.41 a year earlier. Strong fee-related earnings, higher management fees, asset sales and capital raising helped drive the results, while assets under management also increased. KKR Q3 earnings beat helped by strong fee-related earnings, solid capital raising
• Positive Sentiment: KKR and Diamondback Energy agreed to acquire the remaining 70% of Deep Blue, a Midland Basin water-infrastructure platform. The deal expands KKR’s exposure to energy-related infrastructure. Diamondback Energy and KKR to Acquire Deep Blue Midland Basin
• Positive Sentiment: KKR Real Estate Finance reported year-to-date loan repayments of $2.4 billion, already exceeding its full-year target, and quarter-end liquidity of $853 million. KKR Real Estate Finance: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst actions were mixed: Morgan Stanley raised its target to $140 and maintained Overweight, while Oppenheimer cut its target to $156 but kept Outperform. Wells Fargo raised its target to $105 and retained Equal Weight; RBC reaffirmed Outperform with a $134 target. Morgan Stanley analyst rating
• Neutral Sentiment: KKR declared a quarterly dividend of $0.195 per share, equivalent to $0.78 annualized. Management also said it is being cautious with AI investments, tempering expectations around near-term AI-related growth. KKR’s Nuttall Says Firm to Be Cautious With AI Bets

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Oppenheimer lowered their target price on KKR & Co. Inc. from $163.00 to $156.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $134.00 target price on shares of KKR & Co. Inc. in a research report on Tuesday. Bank of America dropped their target price on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group cut their price target on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.11.

KKR & Co. Inc. Profile

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.