Tokio Marine Asset Management Co. Ltd. Has $1.60 Million Position in KKR & Co. Inc. (NYSE:KKR)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of KKR & Co. Inc. (NYSE:KKRFree Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,910 shares of the asset manager’s stock after buying an additional 338 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $1,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CWA Asset Management Group LLC grew its position in shares of KKR & Co. Inc. by 0.9% during the 4th quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock worth $1,020,000 after buying an additional 114 shares during the period. E&G Advisors LP grew its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after buying an additional 126 shares during the period. Montag A & Associates Inc. grew its position in shares of KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock valued at $232,000 after purchasing an additional 128 shares during the period. Cross Staff Investments Inc grew its position in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock valued at $1,617,000 after purchasing an additional 130 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after purchasing an additional 133 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 0.0 %

Shares of KKR & Co. Inc. stock opened at $106.08 on Monday. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91. The business’s 50 day moving average is $104.24 and its 200-day moving average is $96.44. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a market cap of $94.14 billion, a P/E ratio of 23.78, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The business had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. Equities research analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $116.00 price target on shares of KKR & Co. Inc. in a research report on Friday, June 21st. Barclays upped their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, TD Cowen reduced their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.43.

View Our Latest Report on KKR

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

About KKR & Co. Inc.

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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