OVERSEA CHINESE BANKING Corp Ltd Acquires 288,221 Shares of KKR & Co. Inc. (NYSE:KKR)

OVERSEA CHINESE BANKING Corp Ltd raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 430.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,246 shares of the asset manager's stock after buying an additional 288,221 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in KKR & Co. Inc. were worth $41,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $50,199,000. Arete Wealth Advisors LLC increased its stake in KKR & Co. Inc. by 44.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after purchasing an additional 2,749 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $423,000. Finally, Schroder Investment Management Group raised its holdings in KKR & Co. Inc. by 19.5% in the fourth quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock worth $11,884,000 after purchasing an additional 13,065 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on KKR shares. Bank of America dropped their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Barclays boosted their price objective on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Finally, HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.33.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the sale, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 1.2%

Shares of NYSE:KKR traded down $1.62 during midday trading on Monday, reaching $139.43. The company had a trading volume of 3,295,755 shares, compared to its average volume of 5,175,993. The business's 50 day moving average price is $125.56 and its 200 day moving average price is $128.26. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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 has a market cap of $124.18 billion, a PE ratio of 58.83, a P/E/G ratio of 1.59 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The business's revenue was down 67.8% compared to the same quarter last year. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is currently 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.