Neuburgh Advisers LLC bought a new stake in KKR & Co Inc (NYSE:KKR) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,832 shares of the asset manager’s stock, valued at approximately $198,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in shares of KKR & Co Inc in the 2nd quarter valued at $50,000. Trust Co. of Vermont acquired a new position in shares of KKR & Co Inc in the 2nd quarter valued at $51,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of KKR & Co Inc by 29.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 497 shares during the period. Signaturefd LLC lifted its stake in shares of KKR & Co Inc by 1,541.3% in the 1st quarter. Signaturefd LLC now owns 2,462 shares of the asset manager’s stock valued at $58,000 after purchasing an additional 2,312 shares during the period. Finally, NEXT Financial Group Inc lifted its stake in shares of KKR & Co Inc by 390.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,450 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 1,950 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.
KKR has been the subject of several analyst reports. Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, May 21st. Wells Fargo & Co boosted their target price on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup set a $34.00 target price on shares of KKR & Co Inc and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Zacks Investment Research cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.23.
NYSE KKR traded up $0.53 on Friday, hitting $28.58. The company had a trading volume of 51,870 shares, compared to its average volume of 2,400,881. The company has a market capitalization of $14.67 billion, a PE ratio of 14.81, a PEG ratio of 7.85 and a beta of 1.66. The company’s fifty day moving average price is $25.73 and its 200-day moving average price is $24.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.09 and a quick ratio of 1.09. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $445.34 million. KKR & Co Inc’s revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. On average, sell-side analysts anticipate that KKR & Co Inc will post 1.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, August 2nd. KKR & Co Inc’s payout ratio is 25.91%.
About KKR & Co Inc
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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