Northwestern Mutual Wealth Management Co. Acquires 7,313 Shares of KKR & Co. Inc. $KKR

Northwestern Mutual Wealth Management Co. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,621 shares of the asset manager’s stock after purchasing an additional 7,313 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in KKR & Co. Inc. were worth $7,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Interstate Bank purchased a new stake in KKR & Co. Inc. in the 2nd quarter worth $3,115,000. Aberdeen Group plc increased its holdings in shares of KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock worth $36,885,000 after purchasing an additional 10,960 shares during the last quarter. National Bank of Canada FI lifted its position in shares of KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after buying an additional 237,987 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth about $463,000. Finally, FORA Capital LLC bought a new position in KKR & Co. Inc. during the first quarter valued at approximately $248,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $122.06 on Tuesday. The firm has a market capitalization of $108.80 billion, a PE ratio of 56.77, a PEG ratio of 1.33 and a beta of 1.92. The stock’s fifty day moving average is $122.65 and its 200 day moving average is $131.16. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KKR shares. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $156.31.

About KKR & Co. Inc.

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.