KKR & Co. Inc. (NYSE:KKR) Stake Increased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,399 shares of the asset manager’s stock after buying an additional 8,653 shares during the period. CIBC Asset Management Inc’s holdings in KKR & Co. Inc. were worth $13,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after acquiring an additional 996,871 shares during the period. Capital World Investors lifted its position in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after purchasing an additional 323,189 shares during the period. Bank of New York Mellon Corp grew its position in KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock valued at $380,442,000 after purchasing an additional 127,726 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.3 %

Shares of NYSE:KKR opened at $150.02 on Friday. 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’s 50-day moving average is $136.16 and its 200-day moving average is $119.17. The company has a market cap of $133.25 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 52-week low of $65.91 and a 52-week high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the firm posted $0.73 EPS. Equities research analysts predict that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Analyst Ratings Changes

KKR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Finally, Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.93.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 14.29 % increase in their position. The disclosure for this purchase 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.