KKR & Co. Inc. (NYSE:KKR) Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,035 shares of the asset manager’s stock after acquiring an additional 915 shares during the period. Nisa Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Blue Trust Inc. grew its holdings in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Quarry LP lifted its stake in shares of KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 224 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $43,000. CVA Family Office LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $48,000. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $49,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KKR. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, TD Cowen boosted their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the purchase, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Down 1.7 %

Shares of KKR opened at $94.63 on Thursday. The company has a 50-day simple moving average of $97.76 and a 200-day simple moving average of $81.60. The firm has a market capitalization of $83.75 billion, a P/E ratio of 23.19, a P/E/G ratio of 0.86 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, equities research analysts expect that KKR & Co. Inc. will post 4.26 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.