FUKOKU MUTUAL LIFE INSURANCE Co Acquires 8,300 Shares of KKR & Co. Inc. $KKR

FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in KKR & Co. Inc. (NYSE:KKR) by 262.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,463 shares of the asset manager’s stock after acquiring an additional 8,300 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in KKR & Co. Inc. were worth $1,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Interstate Bank bought a new position in KKR & Co. Inc. during the second quarter valued at approximately $3,115,000. Aberdeen Group plc increased its position in KKR & Co. Inc. by 4.1% during the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after acquiring an additional 10,960 shares during the last quarter. National Bank of Canada FI raised its position in KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after purchasing an additional 237,987 shares during the period. Ground Swell Capital LLC bought a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $463,000. Finally, FORA Capital LLC bought a new stake in shares of KKR & Co. Inc. during the first quarter worth $248,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.9%

Shares of KKR opened at $117.47 on Thursday. The company’s 50-day moving average price is $126.87 and its 200 day moving average price is $131.17. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market cap of $104.71 billion, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the business posted $1.38 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Analyst Ratings Changes

Several analysts recently weighed in on KKR shares. BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. Morgan Stanley lowered their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $156.31.

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.