KKR & Co. Inc. $KKR Stock: Mawer Investment Management Ltd. Raises Position

Mawer Investment Management Ltd. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 202,105 shares of the asset manager’s stock after purchasing an additional 12,497 shares during the quarter. Mawer Investment Management Ltd.’s holdings in KKR & Co. Inc. were worth $18,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clearwater Capital Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 10.0% during the 3rd quarter. Clearwater Capital Advisors LLC now owns 8,450 shares of the asset manager’s stock worth $771,000 after purchasing an additional 770 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of KKR & Co. Inc. by 245.7% during the third quarter. Aberdeen Group plc now owns 614,701 shares of the asset manager’s stock worth $56,122,000 after buying an additional 436,890 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of KKR & Co. Inc. by 3.4% in the third quarter. Moors & Cabot Inc. now owns 5,239 shares of the asset manager’s stock valued at $478,000 after buying an additional 171 shares during the last quarter. Allworth Financial LP raised its position in shares of KKR & Co. Inc. by 24.6% in the third quarter. Allworth Financial LP now owns 14,283 shares of the asset manager’s stock valued at $1,311,000 after buying an additional 2,817 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $241,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. HSBC reduced their price objective on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Rothschild & Co Redburn lifted their target price on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Bank of America lowered their target price on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Oppenheimer cut their price target on KKR & Co. Inc. from $163.00 to $156.00 and set an “outperform” rating for the company in a report on Tuesday, November 10th. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $123.32.

KKR & Co. Inc. Trading Up 0.7%

Shares of KKR traded up $0.69 during mid-day trading on Friday, hitting $97.89. The company had a trading volume of 3,038,903 shares, compared to its average volume of 4,988,529. The business’s 50-day simple moving average is $95.06 and its 200-day simple moving average is $97.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $144.84. The stock has a market cap of $87.33 billion, a PE ratio of 28.54, a P/E/G ratio of 0.75 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a net margin of 16.38% and a return on equity of 6.33%. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 7.32 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 22.74%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is currently owned by company insiders.

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.