Banque de Luxembourg S.A. Takes $288,000 Position in KKR & Co. Inc. (NYSE:KKR)

Banque de Luxembourg S.A. purchased a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,936 shares of the asset manager’s stock, valued at approximately $288,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $1,435,314,000. GQG Partners LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after acquiring an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $147,910,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America lowered their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. JMP Securities cut their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.33.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $117.00 on Friday. The firm has a 50-day simple moving average of $112.48 and a two-hundred day simple moving average of $136.94. The stock has a market cap of $103.93 billion, a PE ratio of 35.14, a P/E/G ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm’s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 31.22%.

KKR & Co. Inc. 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.