KKR & Co. Inc. (NYSE:KKR) Holdings Cut by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,489 shares of the asset manager’s stock after selling 1,726 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in KKR & Co. Inc. were worth $2,416,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KKR. Canada Pension Plan Investment Board lifted its holdings in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. bought a new position in KKR & Co. Inc. in the second quarter worth about $154,468,000. Massachusetts Financial Services Co. MA lifted its holdings in KKR & Co. Inc. by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after acquiring an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after acquiring an additional 895,891 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR stock opened at $154.34 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $137.09 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The firm has a 50 day moving average of $147.64 and a two-hundred day moving average of $127.14.

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

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KKR shares. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. TD Cowen lifted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley lifted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

KKR & Co. Inc. Profile

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.