AXS Investments LLC Invests $1.26 Million in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)

AXS Investments LLC acquired a new position in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,452 shares of the asset manager’s stock, valued at approximately $1,257,000.

Other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Kohlberg Kravis Roberts & Co. L.P. by 2.9% in the 1st quarter. CWM LLC now owns 6,971 shares of the asset manager’s stock worth $366,000 after purchasing an additional 194 shares during the period. Arizona State Retirement System raised its holdings in shares of Kohlberg Kravis Roberts & Co. L.P. by 12.7% during the 2nd quarter. Arizona State Retirement System now owns 172,301 shares of the asset manager’s stock valued at $9,649,000 after buying an additional 19,473 shares during the period. O ROURKE & COMPANY Inc raised its holdings in shares of Kohlberg Kravis Roberts & Co. L.P. by 2.1% during the 2nd quarter. O ROURKE & COMPANY Inc now owns 44,067 shares of the asset manager’s stock valued at $2,468,000 after buying an additional 896 shares during the period. Checchi Capital Advisers LLC raised its holdings in shares of Kohlberg Kravis Roberts & Co. L.P. by 0.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 23,425 shares of the asset manager’s stock valued at $1,312,000 after buying an additional 187 shares during the period. Finally, EA Series Trust purchased a new stake in shares of Kohlberg Kravis Roberts & Co. L.P. during the 2nd quarter valued at about $333,000. 54.97% of the stock is currently owned by hedge funds and other institutional investors.

Kohlberg Kravis Roberts & Co. L.P. Stock Performance

NYSE:KKR traded up $0.89 during midday trading on Friday, reaching $66.92. 2,358,290 shares of the company traded hands, compared to its average volume of 3,163,161. Kohlberg Kravis Roberts & Co. L.P. has a twelve month low of $45.03 and a twelve month high of $67.55. The firm has a market capitalization of $59.22 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.08 and a quick ratio of 0.07. The company has a fifty day moving average price of $60.94 and a 200 day moving average price of $58.11.

Kohlberg Kravis Roberts & Co. L.P. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Kohlberg Kravis Roberts & Co. L.P.’s dividend payout ratio is currently 21.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KKR shares. The Goldman Sachs Group raised their target price on Kohlberg Kravis Roberts & Co. L.P. from $65.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Oppenheimer dropped their target price on Kohlberg Kravis Roberts & Co. L.P. from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday, October 9th. Barclays raised their price objective on Kohlberg Kravis Roberts & Co. L.P. from $73.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. StockNews.com upgraded Kohlberg Kravis Roberts & Co. L.P. from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Piper Sandler raised their price objective on Kohlberg Kravis Roberts & Co. L.P. from $59.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.97.

Insider Activity at Kohlberg Kravis Roberts & Co. L.P.

In related news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $36.85, for a total transaction of $552,750,000.00. Following the completion of the transaction, the insider now owns 4,570,327 shares in the company, valued at approximately $168,416,549.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

Kohlberg Kravis Roberts & Co. L.P. Profile

Kohlberg Kravis Roberts & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.