Union Bancaire Privee UBP SA Grows Stock Position in KKR & Co. Inc. $KKR

Union Bancaire Privee UBP SA lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 241.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,162 shares of the asset manager’s stock after purchasing an additional 10,718 shares during the period. Union Bancaire Privee UBP SA’s holdings in KKR & Co. Inc. were worth $1,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Saudi Central Bank purchased a new stake in KKR & Co. Inc. during the first quarter valued at approximately $28,000. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. during the 2nd quarter worth $28,000. Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $31,000. DiNuzzo Private Wealth Inc. increased its stake in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in KKR & Co. Inc. in the 1st quarter worth $51,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KKR shares. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, December 12th. UBS Group began coverage on KKR & Co. Inc. in a research note on Thursday, December 11th. They set a “buy” rating and a $176.00 price objective for the company. Citigroup decreased their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Oppenheimer dropped their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.79.

KKR & Co. Inc. Trading Down 0.9%

KKR stock opened at $132.19 on Thursday. 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. has a 1-year low of $86.15 and a 1-year high of $170.40. The business has a 50 day simple moving average of $123.05 and a two-hundred day simple moving average of $132.09. The company has a market capitalization of $117.83 billion, a price-to-earnings ratio of 56.01, a PEG ratio of 1.43 and a beta of 2.00.

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

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. 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.