KKR & Co. Inc. $KKR Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 94.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,826 shares of the asset manager’s stock after buying an additional 4,779 shares during the quarter. Quadrant Capital Group LLC’s holdings in KKR & Co. Inc. were worth $1,307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $218,000. Foundations Investment Advisors LLC lifted its position in shares of KKR & Co. Inc. by 6.6% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,296 shares of the asset manager’s stock worth $265,000 after purchasing an additional 142 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of KKR & Co. Inc. during the first quarter worth $629,000. Finally, Vestcor Inc increased its holdings in KKR & Co. Inc. by 8.2% in the first quarter. Vestcor Inc now owns 12,222 shares of the asset manager’s stock valued at $1,413,000 after buying an additional 924 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.3%

NYSE:KKR opened at $120.42 on Friday. The company has a market capitalization of $107.33 billion, a PE ratio of 56.01, a P/E/G ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock’s 50 day moving average price is $123.15 and its 200 day moving average price is $131.17. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data 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 analysts’ expectations 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 in the previous year, the business earned $1.38 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Oppenheimer cut 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, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.31.

About KKR & Co. Inc.

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.