KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 226,391 shares of the asset manager’s stock after buying an additional 7,163 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KKR & Co. Inc. were worth $29,562,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. BNP Paribas raised its stake in KKR & Co. Inc. by 2.9% in the 3rd quarter. BNP Paribas now owns 5,300 shares of the asset manager’s stock valued at $692,000 after purchasing an additional 150 shares during the last quarter. Townsquare Capital LLC boosted its position in KKR & Co. Inc. by 36.1% during the third quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock worth $1,817,000 after acquiring an additional 3,693 shares during the last quarter. Avestar Capital LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $279,000. Brooklyn Investment Group acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $152,000. Finally, FMR LLC lifted its stake in shares of KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Down 0.8 %

NYSE:KKR opened at $160.03 on Friday. KKR & Co. Inc. has a one year low of $68.89 and a one year high of $162.73. The business’s 50-day simple moving average is $142.15 and its 200 day simple moving average is $122.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $142.14 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter last year, the company earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

Several research firms recently commented on KKR. Barclays increased their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

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.