Public Sector Pension Investment Board Has $11.88 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Public Sector Pension Investment Board increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 45.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,900 shares of the asset manager’s stock after buying an additional 35,135 shares during the period. Public Sector Pension Investment Board’s holdings in KKR & Co. Inc. were worth $11,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital International Investors lifted its position in KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after purchasing an additional 805,122 shares during the period. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the period. Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after purchasing an additional 996,871 shares during the period. Capital World Investors lifted its position in KKR & Co. Inc. by 7.4% during the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. Finally, Wellington Management Group LLP lifted its position in KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. JMP Securities upped their price target on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. Citigroup upped their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays upped their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $132.58 on Tuesday. The stock has a market capitalization of $117.65 billion, a P/E ratio of 29.73, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $134.85. The company has a 50 day moving average of $119.21 and a 200-day moving average of $108.15. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period last year, the business earned $0.58 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

About KKR & Co. Inc.

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.