KLP Kapitalforvaltning AS Has $24.59 Million Stake in KKR & Co. Inc. (NYSE:KKR)

KLP Kapitalforvaltning AS grew its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,700 shares of the asset manager's stock after acquiring an additional 3,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in KKR & Co. Inc. were worth $24,590,000 as of its most recent filing with the SEC.

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

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded up $2.04 during midday trading on Friday, hitting $152.23. The company's stock had a trading volume of 2,894,122 shares, compared to its average volume of 3,358,565. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock's 50-day moving average price is $130.34 and its 200-day moving average price is $128.15. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market capitalization of $135.58 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. 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 was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KKR. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Citigroup cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

Insider Activity

In related news, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director owned 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by company 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.