Federated Hermes Inc. Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Federated Hermes Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 117,605 shares of the asset manager’s stock, valued at approximately $9,744,000.

A number of other large investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in KKR & Co. Inc. by 125.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,355 shares of the asset manager’s stock worth $112,000 after buying an additional 755 shares in the last quarter. Steph & Co. acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of KKR & Co. Inc. by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,181 shares of the asset manager’s stock worth $18,739,000 after acquiring an additional 15,476 shares during the last quarter. Wealth Alliance bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $301,000. Finally, Cookson Peirce & Co. Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $9,636,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. JMP Securities raised 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 report on Tuesday, April 9th. TD Cowen raised their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Barclays raised their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Morgan Stanley raised 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 report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $90.64.

Insider Activity at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Up 3.7 %

KKR & Co. Inc. stock opened at $98.00 on Wednesday. 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. The firm has a 50 day moving average price of $97.59 and a two-hundred day moving average price of $82.71. The firm has a market cap of $86.73 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.85 and a beta of 1.61.

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, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Equities analysts predict that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

KKR & Co. Inc. Profile

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.