KKR & Co. Inc. $KKR Holdings Decreased by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 75.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,766 shares of the asset manager’s stock after selling 8,697 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in KKR & Co. Inc. were worth $359,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TIAA Trust National Association increased its stake in KKR & Co. Inc. by 0.5% during the third quarter. TIAA Trust National Association now owns 215,965 shares of the asset manager’s stock valued at $28,065,000 after purchasing an additional 1,126 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of KKR & Co. Inc. by 5,405.9% in the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock valued at $18,839,000 after buying an additional 142,337 shares during the period. Close Asset Management Ltd grew its position in shares of KKR & Co. Inc. by 4,155.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after buying an additional 1,479,688 shares during the last quarter. Integrated Advisors Network LLC raised its stake in KKR & Co. Inc. by 22.2% during the third quarter. Integrated Advisors Network LLC now owns 50,593 shares of the asset manager’s stock worth $6,575,000 after acquiring an additional 9,181 shares during the period. Finally, DNB Asset Management AS raised its stake in KKR & Co. Inc. by 0.8% during the third quarter. DNB Asset Management AS now owns 225,249 shares of the asset manager’s stock worth $29,271,000 after acquiring an additional 1,688 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $93.52 on Friday. The stock has a market cap of $83.36 billion, a P/E ratio of 39.97, a P/E/G ratio of 0.76 and a beta of 1.99. The firm’s 50-day simple moving average is $117.89 and its 200 day simple moving average is $125.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm’s quarterly revenue was up 76.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS. Equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 50,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was purchased at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the transaction, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This trade represents a 27.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on KKR. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Oppenheimer reduced their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a research note on Tuesday. They set an “outperform” rating and a $137.00 price objective for the company. Barclays cut their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, UBS Group reduced their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.40.

KKR & Co. Inc. Company 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.