NEOS Investment Management LLC Grows Position in KKR & Co. Inc. $KKR

NEOS Investment Management LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 12.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,137 shares of the asset manager’s stock after acquiring an additional 12,529 shares during the quarter. NEOS Investment Management LLC’s holdings in KKR & Co. Inc. were worth $10,292,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $1,715,929,000. Legal & General Group Plc acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $470,778,000. Bank of New York Mellon Corp acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $298,311,000. Viking Global Investors LP purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $352,038,000. Finally, Temasek Holdings Private Ltd boosted its stake in shares of KKR & Co. Inc. by 164.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after acquiring an additional 2,190,248 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.8%

Shares of KKR & Co. Inc. stock opened at $107.81 on Friday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The firm has a market cap of $96.77 billion, a PE ratio of 34.33, a P/E/G ratio of 1.01 and a beta of 1.79. The business’s fifty day moving average is $102.68 and its two-hundred day moving average is $97.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the previous year, the business earned $1.18 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were issued a $0.195 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is 24.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KKR shares. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Royal Bank Of Canada boosted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Oppenheimer raised their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane E. Holmes sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.20% of the stock is currently owned by corporate insiders.

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.