Hsbc Holdings PLC raised its position in KKR & Co Inc (NYSE:KKR) by 44.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 61,251 shares of the asset manager’s stock after purchasing an additional 18,947 shares during the period. Hsbc Holdings PLC’s holdings in KKR & Co Inc were worth $1,203,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of KKR. Vanguard Group Inc purchased a new stake in KKR & Co Inc in the 3rd quarter valued at about $1,027,380,000. BlackRock Inc. increased its stake in KKR & Co Inc by 1,718.7% in the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock valued at $302,519,000 after buying an additional 10,483,481 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in KKR & Co Inc in the 3rd quarter valued at about $186,289,000. Capital International Investors purchased a new stake in KKR & Co Inc in the 3rd quarter valued at about $58,239,000. Finally, FIL Ltd purchased a new stake in KKR & Co Inc in the 3rd quarter valued at about $47,047,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.
KKR has been the subject of several analyst reports. Citigroup decreased their price objective on shares of KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, December 19th. Zacks Investment Research lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Goldman Sachs Group lowered shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Morgan Stanley set a $22.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, January 4th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. KKR & Co Inc currently has an average rating of “Buy” and an average target price of $30.03.
KKR & Co Inc (NYSE:KKR) last released its earnings results on Friday, February 1st. The asset manager reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.86%. The firm had revenue of $541.58 million during the quarter, compared to the consensus estimate of $489.48 million. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities analysts expect that KKR & Co Inc will post 1.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Monday, February 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, February 8th. KKR & Co Inc’s dividend payout ratio is currently 25.91%.
KKR & Co Inc Profile
KKR & Co L.P. 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.
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