KKR & Co. Inc. $KKR Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.7% in the 2nd quarter, Holdings Channel reports. The firm owned 220,600 shares of the asset manager’s stock after purchasing an additional 7,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in KKR & Co. Inc. were worth $29,346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KKR. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $844,137,000. Jennison Associates LLC raised its position in shares of KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the last quarter. Amundi raised its holdings in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares during the last quarter. Finally, Unisphere Establishment raised its holdings in KKR & Co. Inc. by 1,594.5% in the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after acquiring an additional 1,187,900 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $124.58 on Wednesday. The firm has a 50 day simple moving average of $139.92 and a 200-day simple moving average of $128.55. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $111.00 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.09 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is 34.42%.

Analysts Set New Price Targets

A number of research firms have commented on KKR. Citigroup increased their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 1st. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.40.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 39.34% of the company’s stock.

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.