SG Americas Securities LLC Acquires 86,360 Shares of KKR & Co. Inc. $KKR

SG Americas Securities LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 527.5% during the third quarter, Holdings Channel reports. The institutional investor owned 102,732 shares of the asset manager’s stock after acquiring an additional 86,360 shares during the quarter. SG Americas Securities LLC’s holdings in KKR & Co. Inc. were worth $13,350,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Interstate Bank purchased a new stake in KKR & Co. Inc. in the second quarter worth about $3,115,000. Aberdeen Group plc boosted its position in shares of KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock worth $36,885,000 after purchasing an additional 10,960 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of KKR & Co. Inc. by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock worth $152,371,000 after buying an additional 62,566 shares during the last quarter. Natixis grew its stake in shares of KKR & Co. Inc. by 48.1% in the 2nd quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after buying an additional 50,176 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in KKR & Co. Inc. by 41.9% during the 2nd quarter. Highland Capital Management LLC now owns 16,340 shares of the asset manager’s stock valued at $2,174,000 after buying an additional 4,823 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on KKR. 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 target price on the stock. 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 research report on Tuesday, October 21st. UBS Group assumed coverage on shares of KKR & Co. Inc. in a research note on Thursday, December 11th. They issued a “buy” rating and a $176.00 price target on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, TD Cowen decreased their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.79.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $133.54 on Friday. The company has a 50 day moving average price of $126.18 and a 200-day moving average price of $132.94. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market capitalization of $119.03 billion, a PE ratio of 56.58, a P/E/G ratio of 1.04 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

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. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. Company 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.