Sumitomo Mitsui DS Asset Management Company Ltd Acquires 6,775 Shares of KKR & Co. Inc. $KKR

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,469 shares of the asset manager’s stock after acquiring an additional 6,775 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KKR & Co. Inc. were worth $8,169,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its position in shares of KKR & Co. Inc. by 2.8% during the 3rd quarter. CWA Asset Management Group LLC now owns 9,346 shares of the asset manager’s stock valued at $853,000 after acquiring an additional 257 shares during the last quarter. Maia Wealth LLC grew its holdings in shares of KKR & Co. Inc. by 9.1% during the third quarter. Maia Wealth LLC now owns 3,005 shares of the asset manager’s stock worth $274,000 after purchasing an additional 251 shares in the last quarter. Investment Research & Advisory Group Inc. grew its holdings in shares of KKR & Co. Inc. by 3.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 13,402 shares of the asset manager’s stock worth $1,226,000 after purchasing an additional 472 shares in the last quarter. SteelPeak Wealth LLC increased its position in shares of KKR & Co. Inc. by 29.7% in the third quarter. SteelPeak Wealth LLC now owns 4,323 shares of the asset manager’s stock worth $395,000 after purchasing an additional 991 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of KKR & Co. Inc. by 30.3% in the third quarter. IFP Advisors Inc now owns 53,284 shares of the asset manager’s stock worth $4,865,000 after purchasing an additional 12,386 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the 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 sale, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price objective for the company. HSBC reduced their target price on KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Morgan Stanley lowered their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Argus raised their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen dropped their price target on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.21.

KKR & Co. Inc. Trading Up 0.7%

NYSE:KKR opened at $89.85 on Thursday. The firm has a market capitalization of $80.65 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.71 and a beta of 1.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $99.43 and a 200 day moving average of $98.43. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the firm earned $1.18 EPS. On average, research analysts predict that KKR & Co. Inc. will post 7.04 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a dividend of $0.1950 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.