Zurcher Kantonalbank Zurich Cantonalbank Buys 15,476 Shares of KKR & Co. Inc. (NYSE:KKR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,181 shares of the asset manager’s stock after purchasing an additional 15,476 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KKR & Co. Inc. were worth $18,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in KKR & Co. Inc. by 54.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock valued at $1,209,457,000 after acquiring an additional 9,192,928 shares in the last quarter. Akre Capital Management LLC lifted its position in KKR & Co. Inc. by 0.9% in the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after acquiring an additional 134,660 shares in the last quarter. Geode Capital Management LLC lifted its position in KKR & Co. Inc. by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 7,699,314 shares of the asset manager’s stock valued at $403,764,000 after acquiring an additional 260,606 shares in the last quarter. Finally, Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $258,688,000. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KKR. JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Barclays upped their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, TD Cowen upped their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Trading Down 1.3 %

Shares of KKR stock opened at $93.41 on Friday. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $82.67 billion, a PE ratio of 22.89, a PEG ratio of 0.87 and a beta of 1.61. The stock has a fifty day simple moving average of $97.70 and a two-hundred day simple moving average of $81.68.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. On average, analysts predict that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. KKR & Co. Inc.’s payout ratio is presently 16.18%.

KKR & Co. Inc. Profile

KKR & Co Inc 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.