Munro Partners Makes New $47.20 Million Investment in KKR & Co. Inc. $KKR

Munro Partners bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The fund bought 363,250 shares of the asset manager’s stock, valued at approximately $47,204,000.

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

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on 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. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Barclays raised their price target on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. TD Cowen cut their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of KKR & Co. Inc. in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.79.

KKR & Co. Inc. Stock Down 0.3%

KKR & Co. Inc. stock opened at $130.96 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a 50 day moving average price of $123.79 and a two-hundred day moving average price of $132.44. The firm has a market cap of $116.73 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 1.42 and a beta of 2.00.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data 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 net margin of 13.84% and a return on equity of 6.12%. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm posted $1.38 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.