Spinnaker Investment Group LLC Acquires New Shares in KKR & Co. Inc. $KKR

Spinnaker Investment Group LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 9,614 shares of the asset manager’s stock, valued at approximately $1,249,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in KKR & Co. Inc. during the 2nd quarter valued at about $1,530,419,000. Amundi raised its holdings in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment raised its holdings in shares of KKR & Co. Inc. by 1,594.5% during the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in KKR & Co. Inc. by 454.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after purchasing an additional 1,132,046 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in KKR & Co. Inc. by 1.9% in the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of KKR & Co. Inc. in a research note on Thursday. BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. Oppenheimer reduced their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Finally, UBS Group initiated coverage on KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 target price on the stock. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $158.79.

KKR & Co. Inc. Trading Down 1.0%

Shares of KKR stock opened at $130.64 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $116.45 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 1.40 and a beta of 2.00. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a fifty day moving average price of $123.47 and a 200-day moving average price of $132.23.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period last year, the firm earned $1.38 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is presently 31.36%.

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.