Vanguard Group Inc. Acquires 585,893 Shares of KKR & Co. Inc. $KKR

Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,242,848 shares of the asset manager’s stock after purchasing an additional 585,893 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of KKR & Co. Inc. worth $7,698,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter worth $28,000. Richardson Financial Services Inc. boosted its position in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Pineridge Advisors LLC purchased a new position in KKR & Co. Inc. during the second quarter valued at $31,000. Finally, Atlantic Union Bankshares Corp bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $33,000. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price 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 represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Barclays reduced their price objective 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. UBS Group decreased their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.57.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $101.64 on Tuesday. The firm has a market capitalization of $90.60 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 0.79 and a beta of 1.99. 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 50 day simple moving average of $123.94 and a 200-day simple moving average of $128.29. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results 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). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company posted $1.32 EPS. The business’s quarterly revenue was up 76.1% on a year-over-year basis. Equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

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.