Tredje AP fonden Purchases Shares of 197,356 KKR & Co. Inc. (NYSE:KKR)

Tredje AP fonden purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 197,356 shares of the asset manager’s stock, valued at approximately $22,816,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Brighton Jones LLC grew its position in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares in the last quarter. Blair William & Co. IL lifted its stake in KKR & Co. Inc. by 8.9% during the fourth quarter. Blair William & Co. IL now owns 28,132 shares of the asset manager’s stock worth $4,161,000 after purchasing an additional 2,309 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in KKR & Co. Inc. by 22.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the asset manager’s stock worth $237,000 after purchasing an additional 288 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of KKR & Co. Inc. by 104.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 56,423 shares of the asset manager’s stock worth $8,346,000 after purchasing an additional 28,862 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of KKR & Co. Inc. by 19.5% in the 4th quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager’s stock worth $11,884,000 after purchasing an additional 13,065 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director owned 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director directly owned 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $150.99 on Wednesday. The company has a market cap of $134.48 billion, a price-to-earnings ratio of 63.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88. The company has a 50-day moving average price of $131.42 and a 200-day moving average price of $128.25. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is 31.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.33.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.