Orion Porfolio Solutions LLC Boosts Stake in KKR & Co. Inc. $KKR

Orion Porfolio Solutions LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 7.9% during the second quarter, HoldingsChannel.com reports. The fund owned 81,814 shares of the asset manager’s stock after acquiring an additional 5,968 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in KKR & Co. Inc. were worth $10,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Saudi Central Bank acquired a new stake in KKR & Co. Inc. in the 1st quarter worth about $28,000. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $28,000. Pineridge Advisors LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter valued at $31,000. DiNuzzo Private Wealth Inc. grew its stake in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $51,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR stock opened at $136.66 on Monday. The company has a 50 day moving average price of $122.56 and a 200 day moving average price of $131.91. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $121.81 billion, a PE ratio of 57.91, a price-to-earnings-growth ratio of 1.47 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted 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. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter in the prior year, the business posted $1.38 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer lowered their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Citigroup reduced their price objective on 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. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Barclays lifted their price objective on KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.79.

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.