KKR & Co. Inc. (NYSE:KKR) Shares Bought by National Pension Service

National Pension Service boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 0.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 763,379 shares of the asset manager’s stock after purchasing an additional 4,074 shares during the period. National Pension Service’s holdings in KKR & Co. Inc. were worth $33,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $27,000. Riverview Trust Co acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $45,000. Atlas Capital Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $81,000. Capital Analysts LLC grew its position in shares of KKR & Co. Inc. by 339.5% during the 2nd quarter. Capital Analysts LLC now owns 1,758 shares of the asset manager’s stock valued at $82,000 after acquiring an additional 1,358 shares during the period. Finally, Alta Advisers Ltd acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $82,000. 53.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KKR shares. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $67.00 to $70.00 in a research report on Wednesday, February 8th. StockNews.com started coverage on KKR & Co. Inc. in a research report on Thursday. They set a “sell” rating on the stock. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of KKR & Co. Inc. in a research report on Monday. Morgan Stanley raised their target price on KKR & Co. Inc. from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Finally, Barclays assumed coverage on KKR & Co. Inc. in a research report on Thursday, March 2nd. They set an “overweight” rating and a $69.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.92.

KKR & Co. Inc. Trading Down 0.2 %

KKR stock opened at $49.74 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average is $54.83 and its 200 day moving average is $50.71. KKR & Co. Inc. has a 12-month low of $41.77 and a 12-month high of $62.29. The stock has a market cap of $42.83 billion, a price-to-earnings ratio of -36.57, a PEG ratio of 2.62 and a beta of 1.55.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last released its earnings results on Tuesday, February 7th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.16. KKR & Co. Inc. had a negative net margin of 14.70% and a positive return on equity of 5.71%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $1.59 EPS. The business’s revenue was down 37.6% on a year-over-year basis. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 3.35 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 16th. KKR & Co. Inc.’s dividend payout ratio (DPR) is -45.59%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider David Sorkin sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total value of $2,217,600.00. Following the transaction, the insider now directly owns 1,434,144 shares of the company’s stock, valued at approximately $79,508,943.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider David Sorkin sold 40,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total transaction of $2,217,600.00. Following the sale, the insider now owns 1,434,144 shares of the company’s stock, valued at approximately $79,508,943.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the sale, the insider now directly owns 37 shares in the company, valued at approximately $1,436.71. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.