Natixis Advisors LLC Purchases 11,905 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Natixis Advisors LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,646 shares of the asset manager's stock after buying an additional 11,905 shares during the quarter. Natixis Advisors LLC owned about 0.07% of KKR & Co. Inc. worth $68,053,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $34,000. Ameriflex Group Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $46,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective 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, May 2nd. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.00.

Insider Activity

In related news, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director owned 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $4.00 on Friday, hitting $142.58. The company's stock had a trading volume of 5,750,296 shares, compared to its average volume of 3,339,840. The company has a market capitalization of $126.99 billion, a PE ratio of 66.32, a PEG ratio of 1.63 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock's 50 day moving average is $133.14 and its 200-day moving average is $128.43.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. During the same period in the prior year, the company posted $1.09 earnings per share. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is presently 31.22%.

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.