Nykredit A S Invests $13.77 Million in KKR & Co. Inc. $KKR

Key Points

• Nykredit A S purchased 149,987 KKR shares during the second quarter, establishing a position valued at approximately $13.77 million. Institutional investors collectively own 76.26% of KKR.
• Analysts maintain a generally positive view, with 12 Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and a $130 price target.
• KKR beat quarterly earnings expectations, reporting $1.63 EPS versus the $1.43 consensus and $5.73 billion in revenue. The company also pays a quarterly dividend of $0.195 per share, representing a 0.8% yield.

Nykredit A S bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 149,987 shares of the asset manager's stock, valued at approximately $13,766,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. SouthState Bank Corp grew its holdings in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after acquiring an additional 148 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Hanson & Doremus Investment Management increased its stake in shares of KKR & Co. Inc. by 83.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $34,000. Finally, Western Pacific Wealth Management LP increased its stake in shares of KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets upped their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 28th. Barclays boosted their target price on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares of the company's stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.20% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $98.68 on Friday. The company has a market capitalization of $88.58 billion, a PE ratio of 31.43, a P/E/G ratio of 0.93 and a beta of 1.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $104.23 and a 200-day simple moving average of $98.15. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period in the previous year, the firm posted $1.18 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 24.84%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR's investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.