101,864 Shares in KKR & Co. Inc. $KKR Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 101,864 shares of the asset manager’s stock, valued at approximately $9,349,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Border to Coast Pensions Partnership Ltd increased its stake in shares of KKR & Co. Inc. by 14.5% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after buying an additional 55,000 shares during the period. Andra AP fonden raised its holdings in KKR & Co. Inc. by 201.7% during the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after buying an additional 38,530 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in KKR & Co. Inc. by 125.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 10,982 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in KKR & Co. Inc. by 152.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after buying an additional 105,070 shares during the period. Finally, Next Capital Management LLC grew its holdings in KKR & Co. Inc. by 135.6% in the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock worth $4,419,000 after acquiring an additional 27,498 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $107.21 on Wednesday. The company’s fifty day moving average price is $99.30 and its 200-day moving average price is $97.63. The stock has a market cap of $96.24 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business earned $1.18 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. declared that its board has initiated a stock buyback plan on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KKR shares. Argus boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Morgan Stanley cut their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. BMO Capital Markets boosted their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, HSBC upped their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.75.

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.