Schroder Investment Management Group Acquires 80,639 Shares of KKR & Co. Inc. $KKR

Schroder Investment Management Group boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 52.1% in the third quarter, Holdings Channel.com reports. The fund owned 235,295 shares of the asset manager’s stock after acquiring an additional 80,639 shares during the quarter. Schroder Investment Management Group’s holdings in KKR & Co. Inc. were worth $31,642,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Fort Sheridan Advisors LLC increased its stake in KKR & Co. Inc. by 9.3% in the third quarter. Fort Sheridan Advisors LLC now owns 4,295 shares of the asset manager’s stock worth $558,000 after purchasing an additional 366 shares during the period. Diversify Advisory Services LLC lifted its position in shares of KKR & Co. Inc. by 36.4% during the third quarter. Diversify Advisory Services LLC now owns 6,361 shares of the asset manager’s stock worth $827,000 after purchasing an additional 1,698 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of KKR & Co. Inc. by 63.2% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock valued at $12,862,000 after purchasing an additional 38,322 shares during the period. Rathbones Group PLC boosted its stake in shares of KKR & Co. Inc. by 10.7% during the third quarter. Rathbones Group PLC now owns 814,372 shares of the asset manager’s stock valued at $105,828,000 after purchasing an additional 78,976 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of KKR & Co. Inc. by 64.9% in the third quarter. Dynamic Technology Lab Private Ltd now owns 4,074 shares of the asset manager’s stock worth $529,000 after purchasing an additional 1,604 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Cohler bought 43,872 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 393,872 shares of company stock valued at $40,090,679 in the last ninety days. 23.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on KKR. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $87.05 on Thursday. KKR & Co. Inc. has a 1-year low of $84.52 and a 1-year high of $153.87. The stock’s 50-day moving average is $110.83 and its 200 day moving average is $122.64. The company has a market cap of $77.61 billion, a P/E ratio of 37.20, a PEG ratio of 0.65 and a beta of 2.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

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.