Bollard Group LLC Buys 15,769 Shares of KKR & Co Inc (KKR)
Bollard Group LLC boosted its stake in KKR & Co Inc (NYSE:KKR) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 294,245 shares of the asset manager’s stock after buying an additional 15,769 shares during the quarter. Bollard Group LLC’s holdings in KKR & Co Inc were worth $5,776,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its position in shares of KKR & Co Inc by 4.6% during the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock valued at $686,775,000 after buying an additional 1,202,775 shares in the last quarter. Northern Trust Corp lifted its position in shares of KKR & Co Inc by 119.2% during the 2nd quarter. Northern Trust Corp now owns 544,708 shares of the asset manager’s stock valued at $13,536,000 after buying an additional 296,154 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of KKR & Co Inc during the 3rd quarter valued at about $65,683,000. Raymond James Trust N.A. purchased a new position in shares of KKR & Co Inc during the 3rd quarter valued at about $207,000. Finally, Private Capital Advisors Inc. purchased a new position in shares of KKR & Co Inc during the 3rd quarter valued at about $1,255,000. Hedge funds and other institutional investors own 73.22% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut KKR & Co Inc from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Morgan Stanley set a $22.00 price objective on KKR & Co Inc and gave the company a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group cut KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research report on Friday, January 4th. Citigroup lowered their price objective on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, December 19th. Finally, Deutsche Bank decreased their target price on KKR & Co Inc from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.11.
Shares of KKR opened at $23.17 on Monday. The company has a market cap of $12.34 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.66. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.
KKR & Co Inc (NYSE:KKR) last issued its earnings results on Friday, February 1st. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $541.58 million for the quarter, compared to the consensus estimate of $489.48 million. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. During the same quarter last year, the company earned $0.45 EPS. On average, equities analysts expect that KKR & Co Inc will post 1.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Monday, February 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, February 8th. KKR & Co Inc’s dividend payout ratio (DPR) is presently 25.91%.
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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, and middle market investments.
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