KKR & Co. Inc. $KKR Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 132.5% during the third quarter, Holdings Channel reports. The firm owned 37,323 shares of the asset manager’s stock after acquiring an additional 21,270 shares during the quarter. Generali Asset Management SPA SGR’s holdings in KKR & Co. Inc. were worth $4,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in KKR & Co. Inc. by 454.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after acquiring an additional 1,132,046 shares in the last quarter. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.9% during 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 period. Massachusetts Financial Services Co. MA increased its stake in KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after purchasing an additional 765,457 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of KKR & Co. Inc. by 260.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,039,163 shares of the asset manager’s stock worth $138,240,000 after purchasing an additional 750,906 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Oppenheimer decreased their price target on shares of 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 cut their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of KKR & Co. Inc. in a research note on Wednesday, December 24th. Finally, Citigroup lowered their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $158.79.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $128.78 on Friday. The firm has a market capitalization of $114.79 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 1.01 and a beta of 2.00. The firm’s fifty day simple moving average is $125.08 and its 200-day simple moving average is $132.62. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced 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 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 (DPR) is 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.