KKR & Co. Inc. (NYSE:KKR) Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12,307.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 248,154 shares of the asset manager’s stock after purchasing an additional 246,154 shares during the period. Bahl & Gaynor Inc.’s holdings in KKR & Co. Inc. were worth $26,116,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KKR. Sentry Investment Management LLC acquired a new stake in KKR & Co. Inc. during the second quarter worth about $219,000. LPL Financial LLC grew its stake in shares of KKR & Co. Inc. by 11.8% during the 2nd quarter. LPL Financial LLC now owns 395,738 shares of the asset manager’s stock worth $41,648,000 after purchasing an additional 41,778 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 157.8% during the 2nd quarter. HHM Wealth Advisors LLC now owns 3,609 shares of the asset manager’s stock valued at $380,000 after purchasing an additional 2,209 shares in the last quarter. Andra AP fonden lifted its stake in shares of KKR & Co. Inc. by 76.0% in the 2nd quarter. Andra AP fonden now owns 18,300 shares of the asset manager’s stock valued at $1,926,000 after purchasing an additional 7,900 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in shares of KKR & Co. Inc. by 2.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 260,707 shares of the asset manager’s stock valued at $27,437,000 after purchasing an additional 6,741 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on KKR shares. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. JMP Securities raised their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Barclays upped their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.93.

KKR & Co. Inc. Stock Down 0.3 %

Shares of KKR opened at $118.06 on Wednesday. The stock has a 50 day moving average price of $115.79 and a 200 day moving average price of $106.26. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $104.77 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 0.97 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the prior year, the business earned $0.58 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. KKR & Co. Inc.’s payout ratio is 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company 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.