Oak Thistle LLC Acquires Shares of 14,268 KKR & Co. Inc. $KKR

Oak Thistle LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,268 shares of the asset manager’s stock, valued at approximately $1,854,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $218,000. Dimensional Fund Advisors LP increased its position in shares of KKR & Co. Inc. by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,566,546 shares of the asset manager’s stock worth $181,069,000 after acquiring an additional 16,834 shares during the last quarter. Ethic Inc. lifted its stake in shares of KKR & Co. Inc. by 49.7% in the first quarter. Ethic Inc. now owns 6,190 shares of the asset manager’s stock worth $729,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in KKR & Co. Inc. by 46.7% in the first quarter. Brooklyn Investment Group now owns 1,945 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 619 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $132.19 on Thursday. The business’s fifty day moving average price is $123.05 and its 200 day moving average price is $132.09. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market capitalization of $117.83 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 1.43 and a beta of 2.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

KKR has been the topic of several analyst reports. TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Barclays raised their price target on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. UBS Group initiated coverage on shares of KKR & Co. Inc. in a research note on Thursday, December 11th. They set a “buy” rating and a $176.00 price objective on the stock. Finally, Citigroup dropped 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 report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.79.

KKR & Co. Inc. Company Profile

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.