Avanza Fonder AB Takes Position in KKR & Co. Inc. (NYSE:KKR)

Avanza Fonder AB bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 49,604 shares of the asset manager’s stock, valued at approximately $7,337,000.

A number of other institutional investors have also recently made changes to their positions in KKR. Canada Pension Plan Investment Board raised its stake in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $154,468,000. Hsbc Holdings PLC grew its holdings in KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after purchasing an additional 895,891 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of KKR & Co. Inc. by 317.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock worth $97,474,000 after buying an additional 704,091 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of KKR & Co. Inc. by 3,757.3% during the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after acquiring an additional 538,573 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Barclays raised their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Price Performance

KKR stock opened at $154.45 on Friday. KKR & Co. Inc. has a 12-month low of $80.89 and a 12-month high of $163.68. The company has a market capitalization of $137.19 billion, a PE ratio of 46.85, a P/E/G ratio of 0.84 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $152.38 and its 200 day moving average price is $133.87.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.73 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

KKR & Co. Inc. Company Profile

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.