KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 129.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,330 shares of the asset manager’s stock after buying an additional 3,570 shares during the period. Shell Asset Management Co.’s holdings in KKR & Co. Inc. were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KKR. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $1,435,314,000. Nuveen Asset Management LLC lifted its position in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after buying an additional 3,391,581 shares in the last quarter. GQG Partners LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC boosted its stake in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after buying an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $218,918,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on KKR. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their target price for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. JMP Securities dropped their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $150.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Buy” and an average price target of $149.14.

Insiders Place Their Bets

In related news, Director Robert W. Scully acquired 13,250 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now owns 13,250 shares of the company’s stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares of the company’s stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 0.2%

Shares of NYSE KKR opened at $125.87 on Friday. 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 $112.10 billion, a PE ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a fifty day simple moving average of $112.21 and a 200-day simple moving average of $135.65.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

About KKR & Co. Inc.

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.