Axa S.A. Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Axa S.A. increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 196.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,800 shares of the asset manager's stock after buying an additional 58,801 shares during the quarter. Axa S.A.'s holdings in KKR & Co. Inc. were worth $13,134,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $1,435,314,000. GQG Partners LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $325,752,000. Proficio Capital Partners LLC grew its holdings in 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 purchasing an additional 1,542,092 shares during the period. Raymond James Financial Inc. purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $218,918,000. Finally, Roberts Foundation bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $147,910,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Trading Down 1.9 %

KKR stock opened at $114.70 on Tuesday. The firm has a fifty day moving average price of $112.12 and a 200 day moving average price of $136.76. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $101.88 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business 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 business's revenue was down 67.8% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Sell-side analysts anticipate 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 disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

KKR has been the subject of several analyst reports. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods lifted 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 note on Friday. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.73.

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.

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