Canada Pension Plan Investment Board Has $108.03 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Canada Pension Plan Investment Board grew its stake in KKR & Co. Inc. (NYSE:KKR) by 164.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,074,078 shares of the asset manager’s stock after purchasing an additional 667,260 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of KKR & Co. Inc. worth $108,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KKR. American Century Companies Inc. boosted its position in KKR & Co. Inc. by 11.7% in the third quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock valued at $5,726,000 after buying an additional 9,763 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of KKR & Co. Inc. by 311.8% in the 4th quarter. SG Americas Securities LLC now owns 32,939 shares of the asset manager’s stock valued at $2,729,000 after acquiring an additional 24,940 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 9.8% during the 4th quarter. HB Wealth Management LLC now owns 6,644 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 594 shares in the last quarter. CVA Family Office LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth $48,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in KKR & Co. Inc. by 77.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 69,594 shares of the asset manager’s stock worth $5,766,000 after purchasing an additional 30,368 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KKR shares. TD Cowen cut their price target on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Jefferies Financial Group dropped their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Barclays boosted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.20.

KKR & Co. Inc. Trading Up 1.5 %

Shares of NYSE:KKR traded up $1.80 during midday trading on Friday, reaching $118.51. The company’s stock had a trading volume of 3,480,322 shares, compared to its average volume of 3,839,762. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $120.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50 day moving average price of $108.33 and a two-hundred day moving average price of $99.62. The firm has a market capitalization of $105.17 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.04 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. As a group, analysts forecast that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The disclosure for this sale can be found here. Corporate 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.