Massmutual Trust Co. FSB ADV Acquires 379 Shares of Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)

Massmutual Trust Co. FSB ADV grew its holdings in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) by 113.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 714 shares of the asset manager’s stock after acquiring an additional 379 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Kohlberg Kravis Roberts & Co. L.P. were worth $44,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 54.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock worth $1,209,457,000 after buying an additional 9,192,928 shares during the period. Norges Bank acquired a new position in shares of Kohlberg Kravis Roberts & Co. L.P. during the fourth quarter worth about $258,688,000. Renaissance Technologies LLC acquired a new position in shares of Kohlberg Kravis Roberts & Co. L.P. during the first quarter worth about $135,437,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Kohlberg Kravis Roberts & Co. L.P. during the first quarter worth about $119,063,000. Finally, Samlyn Capital LLC acquired a new position in shares of Kohlberg Kravis Roberts & Co. L.P. during the first quarter worth about $104,737,000. 54.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on KKR. Piper Sandler upped their price objective on Kohlberg Kravis Roberts & Co. L.P. from $59.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. StockNews.com raised Kohlberg Kravis Roberts & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets increased their price target on Kohlberg Kravis Roberts & Co. L.P. from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. The Goldman Sachs Group increased their price target on Kohlberg Kravis Roberts & Co. L.P. from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Oppenheimer reduced their price target on Kohlberg Kravis Roberts & Co. L.P. from $91.00 to $87.00 and set an “outperform” rating for the company in a research report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.97.

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

Shares of NYSE KKR traded up $0.89 during trading hours on Friday, reaching $66.92. 2,358,290 shares of the stock were exchanged, compared to its average volume of 3,163,161. The firm has a market capitalization of $59.22 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.07 and a current ratio of 0.08. Kohlberg Kravis Roberts & Co. L.P. has a 52 week low of $45.03 and a 52 week high of $67.55. The stock’s fifty day simple moving average is $60.94 and its 200 day simple moving average is $58.16.

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

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

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

In other Kohlberg Kravis Roberts & Co. L.P. news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the firm’s stock in a transaction 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 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 filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by corporate insiders.

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.