National Pension Service Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

National Pension Service grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 967,176 shares of the asset manager’s stock after buying an additional 16,045 shares during the quarter. National Pension Service’s holdings in KKR & Co. Inc. were worth $80,131,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KKR. Cookson Peirce & Co. Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $9,636,000. Vanguard Group Inc. lifted its position in shares of 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 worth $2,460,381,000 after purchasing an additional 475,118 shares during the period. Community Trust & Investment Co. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $6,615,000. TIAA Trust National Association purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $8,530,000. Finally, abrdn plc raised its stake in KKR & Co. Inc. by 83.9% in the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock worth $24,332,000 after buying an additional 134,003 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays upped their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. JMP Securities raised 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. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their price target on shares of 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. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $1.85 during trading hours on Thursday, hitting $101.52. The company’s stock had a trading volume of 1,635,521 shares, compared to its average volume of 3,511,758. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company’s 50 day simple moving average is $97.81 and its two-hundred day simple moving average is $85.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $89.85 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 0.69%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’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 disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

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.