Nykredit A S acquired a new position in KKR & Co. Inc. (NYSE:KKR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 162,281 shares of the asset manager’s stock, valued at approximately $14,894,000.
A number of other hedge funds have also recently bought and sold shares of KKR. Washington Trust Advisors Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $27,000. SouthState Bank Corp increased its stake in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $29,000. Finally, MV Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $31,000. 76.26% of the stock is owned by institutional investors.
KKR & Co. Inc. Stock Down 1.8%
Shares of NYSE KKR opened at $107.81 on Friday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business has a fifty day moving average of $102.68 and a two-hundred day moving average of $97.87. The stock has a market cap of $96.77 billion, a PE ratio of 34.33, a PEG ratio of 1.03 and a beta of 1.79.
KKR & Co. Inc. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 24.84%.
Insider Buying and Selling at KKR & Co. Inc.
In other news, insider Dane E. Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on KKR. HSBC lifted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Royal Bank Of Canada lifted their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. BMO Capital Markets upped their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays increased their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.00.
Get Our Latest Research Report on KKR
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.
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