Livforsakringsbolaget Skandia Omsesidigt Acquires 755 Shares of KKR & Co. Inc. (NYSE:KKR)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in KKR & Co. Inc. (NYSE:KKR) by 125.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,355 shares of the asset manager’s stock after buying an additional 755 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KKR & Co. Inc. were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 211 shares during the last quarter. Quarry LP grew its holdings in shares of KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock worth $26,000 after purchasing an additional 224 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. NBC Securities Inc. bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $43,000. Finally, CVA Family Office LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $48,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. TD Cowen increased their price objective on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on 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 owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a market capitalization of $82.67 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company’s 50 day moving average price is $97.70 and its two-hundred day moving average price is $81.68.

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

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend 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 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.