Assenagon Asset Management S.A. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Assenagon Asset Management S.A. lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 61.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 890,926 shares of the asset manager’s stock after purchasing an additional 338,019 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of KKR & Co. Inc. worth $131,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KKR. Dudley Capital Management LLC increased its position in KKR & Co. Inc. by 2.7% during the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC grew its stake in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after buying an additional 80 shares during the period. Sigma Planning Corp grew its stake in KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after buying an additional 81 shares during the period. Baker Tilly Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 1.4% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock worth $871,000 after acquiring an additional 81 shares in the last quarter. Finally, Connable Office Inc. raised its stake in shares of KKR & Co. Inc. by 0.4% in the 3rd quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after acquiring an additional 82 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.6 %

NYSE KKR opened at $143.48 on Wednesday. The company has a market capitalization of $127.44 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 12 month low of $80.20 and a 12 month high of $163.68. The company’s fifty day moving average price is $152.37 and its two-hundred day moving average price is $133.61.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.73 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KKR. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. Finally, Citigroup upped their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Profile

KKR & Co Inc 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, lower middle market and middle market investments.