KKR & Co. Inc. $KKR Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 572.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,108 shares of the asset manager’s stock after buying an additional 6,903 shares during the period. CENTRAL TRUST Co’s holdings in KKR & Co. Inc. were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of KKR & Co. Inc. by 454.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after purchasing an additional 1,132,046 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of KKR & Co. Inc. by 4.0% in the second 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 during the period. Finally, Bain Capital Public Equity Management II LLC grew its stake in shares of KKR & Co. Inc. by 166.1% in the second quarter. Bain Capital Public Equity Management II LLC now owns 986,221 shares of the asset manager’s stock valued at $131,197,000 after buying an additional 615,591 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $101.64 on Friday. The firm has a fifty day moving average of $124.51 and a two-hundred day moving average of $128.75. The firm 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. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

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

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.185 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

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 that occurred on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at $24,658,550. This trade represents a 27.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays reduced their price target on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. UBS Group lowered their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.57.

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.