Nordea Investment Management AB Boosts Position in KKR & Co. Inc. $KKR

Nordea Investment Management AB lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,713 shares of the asset manager’s stock after acquiring an additional 6,241 shares during the period. Nordea Investment Management AB’s holdings in KKR & Co. Inc. were worth $7,727,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of KKR & Co. Inc. by 454.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after buying an additional 1,132,046 shares during the period. Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 1.9% in the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after buying an additional 1,099,263 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of KKR & Co. Inc. by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after buying an additional 765,457 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of KKR & Co. Inc. by 260.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,039,163 shares of the asset manager’s stock valued at $138,240,000 after buying an additional 750,906 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KKR shares. UBS Group decreased their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup decreased their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $146.00 to $131.00 in a report on Wednesday. Oppenheimer lowered their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Trading Up 0.3%

Shares of NYSE KKR opened at $131.65 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $127.78 and its two-hundred day moving average price is $133.05. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a market capitalization of $117.35 billion, a P/E ratio of 55.78, a PEG ratio of 1.14 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results 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 return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $1.38 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

KKR & Co. Inc. Company 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.