Federated Hermes Inc. Makes New $9.74 Million Investment in KKR & Co. Inc. (NYSE:KKR)

Federated Hermes Inc. purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 117,605 shares of the asset manager’s stock, valued at approximately $9,744,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Dynamic Advisor Solutions LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth $207,000. AE Wealth Management LLC grew its position in KKR & Co. Inc. by 1.2% in the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after purchasing an additional 168 shares during the last quarter. Global Retirement Partners LLC grew its position in KKR & Co. Inc. by 14.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after purchasing an additional 226 shares during the last quarter. HB Wealth Management LLC grew its position in KKR & Co. Inc. by 4.9% in the 3rd quarter. HB Wealth Management LLC now owns 6,050 shares of the asset manager’s stock worth $373,000 after purchasing an additional 284 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth $493,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 3.7 %

Shares of KKR stock opened at $98.00 on Wednesday. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The company has a market capitalization of $86.73 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.85 and a beta of 1.61. The firm has a 50-day moving average price of $97.59 and a 200 day moving average price of $82.71. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. Research analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent research reports. TD Cowen lifted their target price on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Barclays lifted their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 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.