KKR & Co. Inc. $KKR Shares Purchased by Allianz SE

Allianz SE boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 70.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,310 shares of the asset manager’s stock after buying an additional 6,350 shares during the quarter. Allianz SE’s holdings in KKR & Co. Inc. were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KKR. ESL Trust Services LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $27,000. Clearstead Trust LLC purchased a new stake in KKR & Co. Inc. during the second quarter worth $28,000. Richardson Financial Services Inc. boosted its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in KKR & Co. Inc. in the second quarter valued at $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were bought at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the acquisition, the director directly owned 235,000 shares in the company, valued at $24,658,550. This trade represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Matt Cohler acquired 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 343,872 shares of company stock worth $35,367,179 in the last 90 days. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 6.6%

Shares of NYSE:KKR opened at $87.43 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $77.93 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 0.67 and a beta of 1.99. The stock’s 50-day moving average price is $117.03 and its two-hundred day moving average price is $125.62. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company earned $1.32 earnings per share. The company’s revenue was up 76.1% on a year-over-year basis. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Analysts Set New Price Targets

KKR has been the subject of several research reports. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Barclays dropped their target price on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. UBS Group lowered their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, 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 research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $152.40.

KKR & Co. Inc. Company 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.