Harvest Fund Management Co. Ltd Purchases 1,755 Shares of KKR & Co. Inc. (NYSE:KKR)

Harvest Fund Management Co. Ltd grew its position in KKR & Co. Inc. (NYSE:KKR) by 312.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,316 shares of the asset manager’s stock after purchasing an additional 1,755 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in KKR & Co. Inc. were worth $192,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC grew its holdings in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after acquiring an additional 168 shares during the period. Global Retirement Partners LLC grew its stake in KKR & Co. Inc. by 14.2% during the third quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after purchasing an additional 226 shares during the period. SG Americas Securities LLC bought a new stake in KKR & Co. Inc. in the third quarter worth approximately $493,000. Exchange Traded Concepts LLC lifted its stake in KKR & Co. Inc. by 14,032.1% in the third quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock valued at $244,000 after buying an additional 3,929 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its holdings in shares of KKR & Co. Inc. by 66.2% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 247,459 shares of the asset manager’s stock worth $15,243,000 after buying an additional 98,560 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR stock opened at $94.11 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a market cap of $83.29 billion, a PE ratio of 23.72, a P/E/G ratio of 0.90 and a beta of 1.61. The business has a 50 day moving average of $97.61 and a 200-day moving average of $82.81. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $995.64 million. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.70%. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

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.