KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 18.7% during the second quarter, HoldingsChannel.com reports. The firm owned 34,414 shares of the asset manager’s stock after buying an additional 5,426 shares during the period. Intech Investment Management LLC’s holdings in KKR & Co. Inc. were worth $3,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Gilbert & Cook Inc. raised its holdings in KKR & Co. Inc. by 5.8% in the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after acquiring an additional 792 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of KKR & Co. Inc. by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 571 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $255,000. Corient Private Wealth LLC lifted its position in shares of KKR & Co. Inc. by 21.8% during the fourth quarter. Corient Private Wealth LLC now owns 114,552 shares of the asset manager’s stock worth $9,491,000 after purchasing an additional 20,488 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in KKR & Co. Inc. in the fourth quarter worth about $357,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.3 %

Shares of KKR stock opened at $133.23 on Monday. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84. The firm has a market capitalization of $118.23 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The stock has a fifty day moving average of $118.86 and a two-hundred day moving average of $107.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the previous year, the business earned $0.58 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. Oppenheimer increased their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Saturday. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $128.27.

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.