Banco Santander S.A. Increases Holdings in KKR & Co. Inc. $KKR

Banco Santander S.A. grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 5,405.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 144,970 shares of the asset manager’s stock after buying an additional 142,337 shares during the quarter. Banco Santander S.A.’s holdings in KKR & Co. Inc. were worth $18,839,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Close Asset Management Ltd lifted 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 worth $196,845,000 after acquiring an additional 1,479,688 shares during the period. Integrated Advisors Network LLC increased its position in KKR & Co. Inc. by 22.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 50,593 shares of the asset manager’s stock valued at $6,575,000 after purchasing an additional 9,181 shares during the period. DNB Asset Management AS raised its holdings in KKR & Co. Inc. by 0.8% in the 3rd quarter. DNB Asset Management AS now owns 225,249 shares of the asset manager’s stock worth $29,271,000 after purchasing an additional 1,688 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in KKR & Co. Inc. by 1.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 31,442 shares of the asset manager’s stock worth $4,086,000 after purchasing an additional 415 shares in the last quarter. Finally, Westpac Banking Corp lifted its position in shares of KKR & Co. Inc. by 12.5% in the 3rd quarter. Westpac Banking Corp now owns 4,798 shares of the asset manager’s stock worth $624,000 after purchasing an additional 532 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Matt Cohler purchased 43,872 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 343,872 shares of company stock valued at $35,367,179 over the last ninety days. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Down 3.2%

Shares of NYSE:KKR opened at $93.52 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $117.89 and a two-hundred day simple moving average of $125.99. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87. The stock has a market capitalization of $83.36 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 0.76 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. KKR & Co. Inc.’s revenue was up 76.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on KKR shares. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, January 28th. Barclays reduced their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group dropped their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Oppenheimer reduced their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $152.40.

KKR & Co. Inc. Company Profile

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.