KKR & Co. Inc. $KKR Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in KKR & Co. Inc. by 6.7% during Q2, owning over 53,000 shares valued at approximately $7.1 million.
• Analysts have set varying target prices for KKR, with the highest recently being raised to $156.00, indicating positive sentiment towards the stock.
• KKR's quarterly earnings exceeded estimates with an EPS of $1.18 and a revenue of $1.86 billion, suggesting strong performance in the current fiscal year.

Nordea Investment Management AB boosted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,472 shares of the asset manager's stock after buying an additional 3,370 shares during the period. Nordea Investment Management AB's holdings in KKR & Co. Inc. were worth $7,112,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Jennison Associates LLC increased its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after purchasing an additional 4,306,290 shares in the last quarter. Amundi increased its position in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after purchasing an additional 2,439,505 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Finally, Unisphere Establishment increased its position in KKR & Co. Inc. by 1,594.5% during the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager's stock worth $145,946,000 after purchasing an additional 1,187,900 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on KKR shares. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price for the company. Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an "outperform" rating and a $148.00 target price on the stock. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Oppenheimer dropped their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating on the stock in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $156.20.

KKR & Co. Inc. Price Performance

KKR stock opened at $120.20 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock's 50 day moving average is $135.80 and its two-hundred day moving average is $129.08. The company has a market capitalization of $107.09 billion, a PE ratio of 55.91, a P/E/G ratio of 1.32 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $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 through the SEC website. 39.34% of the stock is owned by corporate insiders.

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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