Vanguard Group Inc. Increases Stock Position in KKR & Co. Inc. $KKR

Vanguard Group Inc. raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,242,848 shares of the asset manager’s stock after purchasing an additional 585,893 shares during the period. Vanguard Group Inc. owned approximately 6.65% of KKR & Co. Inc. worth $7,698,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after buying an additional 765,457 shares in the last quarter. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $1,530,419,000. Lone Pine Capital LLC boosted its holdings in shares of KKR & Co. Inc. by 9.6% during the 2nd quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock valued at $694,652,000 after acquiring an additional 457,998 shares during the last quarter. Legal & General Group Plc grew its stake in shares of KKR & Co. Inc. by 6.7% in the second quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock worth $608,787,000 after acquiring an additional 288,006 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of KKR & Co. Inc. by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,826,899 shares of the asset manager’s stock valued at $509,092,000 after purchasing an additional 34,851 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $101.64 on Tuesday. The stock has a market cap of $90.60 billion, a P/E ratio of 43.44, a P/E/G ratio of 0.79 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s fifty day moving average is $123.94 and its 200 day moving average is $128.29. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $153.87.

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

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. Oppenheimer cut their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Finally, UBS Group cut their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. This trade represents a 27.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. 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.