KKR & Co. Inc. $KKR Shares Acquired by CI Investments Inc.

CI Investments Inc. boosted its position in KKR & Co. Inc. (NYSE:KKR) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,745,345 shares of the asset manager’s stock after buying an additional 179,793 shares during the quarter. KKR & Co. Inc. makes up about 0.8% of CI Investments Inc.’s investment portfolio, making the stock its 20th biggest holding. CI Investments Inc.’s holdings in KKR & Co. Inc. were worth $226,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. in the third quarter worth $27,000. Clearstead Trust LLC bought a new stake in KKR & Co. Inc. during the second quarter valued at $28,000. Richardson Financial Services Inc. raised its holdings in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the period. Finally, Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $90.85 on Tuesday. The business’s 50 day moving average is $116.21 and its 200-day moving average is $124.92. The stock has a market cap of $80.98 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 0.63 and a beta of 2.01. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a twelve month low of $84.52 and a twelve month high of $153.87.

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

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

Analysts Set New Price Targets

KKR has been the subject of several research reports. Barclays decreased their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday. UBS Group decreased their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada started coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price for the company. Oppenheimer dropped their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $151.80.

Insider Activity at KKR & Co. Inc.

In related news, CEO Joseph Y. Bae acquired 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy R. Barakett bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the acquisition, the director owned 235,000 shares of the company’s stock, valued at $24,658,550. This represents a 27.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 343,872 shares of company stock worth $35,367,179. 39.34% of the stock is currently owned by corporate insiders.

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.