Tidal Investments LLC Raises Position in KKR & Co. Inc. (NYSE:KKR)

Tidal Investments LLC grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,102 shares of the asset manager’s stock after buying an additional 5,935 shares during the quarter. Tidal Investments LLC’s holdings in KKR & Co. Inc. were worth $7,195,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Wellington Management Group LLP grew its position in KKR & Co. Inc. by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after purchasing an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA raised its stake in KKR & Co. Inc. by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after buying an additional 355,837 shares during the period. Finally, FMR LLC boosted its stake in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after buying an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI boosted their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.21.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $155.75 on Friday. The firm has a market capitalization of $138.34 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12-month low of $77.02 and a 12-month high of $163.68. The firm has a 50-day moving average price of $147.22 and a 200-day moving average price of $126.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

About KKR & Co. Inc.

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.