Tredje AP fonden Has $61.85 Million Holdings in KKR & Co. Inc. $KKR

Tredje AP fonden boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 47.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,918 shares of the asset manager’s stock after purchasing an additional 152,162 shares during the period. Tredje AP fonden owned about 0.05% of KKR & Co. Inc. worth $61,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KKR. Covenant Asset Management LLC raised its position in KKR & Co. Inc. by 1,424.8% in the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock valued at $3,876,000 after buying an additional 27,870 shares during the last quarter. Cumberland Partners Ltd boosted its position in KKR & Co. Inc. by 816.2% during the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after acquiring an additional 22,976 shares during the last quarter. Stonegate Investment Group LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $6,219,000. Allen Investment Management LLC raised its holdings in shares of KKR & Co. Inc. by 165.0% in the third quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock valued at $32,146,000 after purchasing an additional 154,009 shares during the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in shares of KKR & Co. Inc. by 132.5% in the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock worth $4,850,000 after purchasing an additional 21,270 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, Director Matt Cohler acquired 43,872 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Down 0.5%

Shares of KKR & Co. Inc. stock opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $120.99 and a two-hundred day simple moving average of $127.34. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87. The company has a market capitalization of $90.15 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 0.80 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. KKR & Co. Inc.’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. UBS Group reduced their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. Barclays decreased their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Oppenheimer dropped their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.50.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.