Keybank National Association OH Raises Stake in KKR & Co Inc (KKR)

Keybank National Association OH lifted its holdings in shares of KKR & Co Inc (NYSE:KKR) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,041 shares of the asset manager’s stock after purchasing an additional 677 shares during the quarter. Keybank National Association OH’s holdings in KKR & Co Inc were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment Corp IL increased its stake in shares of KKR & Co Inc by 1.4% during the fourth quarter. Rothschild Investment Corp IL now owns 50,365 shares of the asset manager’s stock worth $989,000 after buying an additional 672 shares during the period. Curbstone Financial Management Corp increased its stake in shares of KKR & Co Inc by 1.0% during the fourth quarter. Curbstone Financial Management Corp now owns 87,000 shares of the asset manager’s stock worth $2,162,000 after buying an additional 850 shares during the period. First Bank & Trust purchased a new stake in shares of KKR & Co Inc during the fourth quarter worth approximately $28,000. Dakota Wealth Management increased its stake in shares of KKR & Co Inc by 4.8% during the fourth quarter. Dakota Wealth Management now owns 31,402 shares of the asset manager’s stock worth $617,000 after buying an additional 1,439 shares during the period. Finally, Perennial Advisors LLC increased its stake in shares of KKR & Co Inc by 1.7% during the fourth quarter. Perennial Advisors LLC now owns 102,533 shares of the asset manager’s stock worth $2,013,000 after buying an additional 1,724 shares during the period. 72.79% of the stock is currently owned by institutional investors and hedge funds.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co Inc stock opened at $23.17 on Monday. KKR & Co Inc has a one year low of $18.30 and a one year high of $28.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.66.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Friday, February 1st. The asset manager reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The company had revenue of $541.58 million during the quarter, compared to the consensus estimate of $489.48 million. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts predict that KKR & Co Inc will post 1.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Monday, February 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 8th. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.

Several equities analysts have commented on KKR shares. Wells Fargo & Co reiterated a “buy” rating on shares of KKR & Co Inc in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, October 17th. Oppenheimer set a $35.00 price target on shares of KKR & Co Inc and gave the company a “buy” rating in a research note on Thursday, October 25th. Argus upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price target on the stock in a research note on Friday, October 26th. They noted that the move was a valuation call. Finally, Morgan Stanley dropped their price target on shares of KKR & Co Inc from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. KKR & Co Inc presently has a consensus rating of “Buy” and a consensus price target of $30.11.

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KKR & Co Inc Profile

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, and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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