KKR & Co. Inc. $KKR Shares Acquired by Tredje AP fonden

Tredje AP fonden increased its position in KKR & Co. Inc. (NYSE:KKR) by 34.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 637,751 shares of the asset manager’s stock after purchasing an additional 161,833 shares during the period. Tredje AP fonden’s holdings in KKR & Co. Inc. were worth $81,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KKR. Strive Asset Management LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $535,907,000. Viking Global Investors LP acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $352,038,000. Close Asset Management Ltd boosted its stake in KKR & Co. Inc. by 4,155.1% in the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after acquiring an additional 1,479,688 shares during the period. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after acquiring an additional 821,739 shares during the period. Finally, M&T Bank Corp boosted its stake in KKR & Co. Inc. by 3,981.9% in the fourth quarter. M&T Bank Corp now owns 718,536 shares of the asset manager’s stock valued at $91,599,000 after acquiring an additional 700,933 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $96.01 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $95.36 and a 200-day simple moving average of $110.60. The company has a market cap of $86.20 billion, a PE ratio of 32.66, a P/E/G ratio of 0.86 and a beta of 1.85. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.46 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.195 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 15th. KKR & Co. Inc.’s payout ratio is presently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. UBS Group lifted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group decreased their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Wednesday, January 28th. Oppenheimer decreased their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, Royal Bank Of Canada decreased their target price on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

Insider Activity

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the transaction, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.