Healthcare of Ontario Pension Plan Trust Fund Acquires 36,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 144.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,000 shares of the asset manager’s stock after buying an additional 36,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in KKR & Co. Inc. were worth $6,420,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in shares of KKR & Co. Inc. by 12.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,900 shares of the asset manager’s stock valued at $305,000 after buying an additional 311 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at about $7,444,000. New Century Financial Group LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at about $376,000. Cetera Investment Advisers lifted its position in shares of KKR & Co. Inc. by 6.3% during the second quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock valued at $9,383,000 after buying an additional 5,309 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of KKR & Co. Inc. by 3.1% during the second quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock valued at $452,000 after buying an additional 129 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on KKR shares. Barclays increased their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Finally, Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $132.64.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $133.28 on Friday. The company’s fifty day moving average price is $121.95 and its 200 day moving average price is $110.14. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $134.85. The stock has a market capitalization of $118.27 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.11 and a beta of 1.62. 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 announced 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter last year, the firm posted $0.58 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price 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 approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.