Fmr LLC Purchases 165,631 Shares of KKR & Co. Inc. (NYSE:KKR)

Fmr LLC raised its position in KKR & Co. Inc. (NYSE:KKR) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,251,333 shares of the asset manager’s stock after acquiring an additional 165,631 shares during the period. Fmr LLC’s holdings in KKR & Co. Inc. were worth $1,469,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB raised its stake in shares of KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after buying an additional 16,424 shares during the period. XTX Topco Ltd raised its stake in shares of KKR & Co. Inc. by 116.8% during the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. by 42.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after purchasing an additional 4,481 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of KKR & Co. Inc. by 8.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after purchasing an additional 4,719 shares during the period. Finally, Caldwell Investment Management Ltd. raised its stake in shares of KKR & Co. Inc. by 3.3% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock valued at $27,273,000 after purchasing an additional 6,500 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KKR shares. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Redburn Atlantic started coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.14.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought 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 of the company’s stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $161.27 on Wednesday. The stock has a 50-day moving average price of $140.99 and a 200-day moving average price of $122.33. KKR & Co. Inc. has a 12-month low of $68.58 and a 12-month high of $161.53. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $143.24 billion, a P/E ratio of 49.02, a PEG ratio of 1.26 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.73 EPS. Equities analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

KKR & Co. Inc. Company 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.