Ensign Peak Advisors Inc Buys 91,600 Shares of KKR & Co. Inc. (NYSE:KKR)

Ensign Peak Advisors Inc grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 915,870 shares of the asset manager’s stock after purchasing an additional 91,600 shares during the period. Ensign Peak Advisors Inc owned approximately 0.10% of KKR & Co. Inc. worth $135,466,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KKR. Norges Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $1,435,314,000. GQG Partners LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC raised its stake in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. bought a new position in KKR & Co. Inc. during the fourth quarter valued at $218,918,000. Finally, Roberts Foundation purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $147,910,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 4th. TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $144.73.

KKR & Co. Inc. Stock Performance

KKR stock opened at $118.88 on Friday. 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 moving average price of $111.09 and a 200 day moving average price of $136.31. The company has a market capitalization of $105.59 billion, a P/E ratio of 35.70, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. The ex-dividend date is Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.’s payout ratio is currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Robert W. Scully bought 13,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.