AG2R LA Mondiale Gestion D Actifs Makes New $2.83 Million Investment in KKR & Co. Inc. $KKR

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,318 shares of the asset manager’s stock, valued at approximately $2,832,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $218,000. Lazard Asset Management LLC grew its holdings in shares of KKR & Co. Inc. by 2.1% in the 4th quarter. Lazard Asset Management LLC now owns 25,610 shares of the asset manager’s stock valued at $3,787,000 after buying an additional 524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of KKR & Co. Inc. by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,172 shares of the asset manager’s stock valued at $10,083,000 after buying an additional 3,195 shares during the period. Finally, NorthRock Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $427,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. JMP Securities reissued a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $143.48 on Friday. The company’s 50 day moving average price is $142.43 and its two-hundred day moving average price is $126.39. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market cap of $127.83 billion, a PE ratio of 66.74, a PEG ratio of 1.60 and a beta of 1.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Equities research analysts predict 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 quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

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.