Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in KKR & Co. Inc. $KKR

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 20.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 94,975 shares of the asset manager’s stock after purchasing an additional 15,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in KKR & Co. Inc. were worth $12,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KKR. Saudi Central Bank purchased a new position in KKR & Co. Inc. during the first quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. increased its holdings in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. during the first quarter valued at approximately $38,000. GW&K Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 111 shares during the period. Finally, SouthState Corp purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday. Oppenheimer cut their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. JMP Securities reaffirmed a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Finally, Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Stock Down 1.3%

Shares of KKR stock opened at $120.62 on Wednesday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock’s fifty day moving average price is $133.19 and its 200 day moving average price is $129.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $107.47 billion, a price-to-earnings ratio of 56.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.6%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is presently 34.42%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.