Triavera Capital LLC Raises Stock Position in KKR & Co. Inc. $KKR

Triavera Capital LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 15.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 107,334 shares of the asset manager’s stock after purchasing an additional 14,396 shares during the period. KKR & Co. Inc. makes up 7.5% of Triavera Capital LLC’s holdings, making the stock its 2nd biggest holding. Triavera Capital LLC’s holdings in KKR & Co. Inc. were worth $14,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Southeast Asset Advisors LLC grew its holdings in KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after acquiring an additional 68 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 72 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 75 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after purchasing an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after purchasing an additional 84 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 0.4%

KKR stock opened at $122.72 on Wednesday. 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 market capitalization of $109.39 billion, a price-to-earnings ratio of 57.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The business’s 50 day moving average price is $122.16 and its two-hundred day moving average price is $131.14. 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 released its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business posted $1.38 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Barclays lifted their price objective on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Finally, Oppenheimer cut 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 report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. 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.