Meitav Investment House Ltd. decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 621,476 shares of the asset manager's stock after selling 31,467 shares during the period. Meitav Investment House Ltd. owned about 0.07% of KKR & Co. Inc. worth $51,405,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after purchasing an additional 475,118 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in KKR & Co. Inc. by 54.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager's stock valued at $1,209,457,000 after buying an additional 9,192,928 shares during the period. Akre Capital Management LLC lifted its position in KKR & Co. Inc. by 0.9% in the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager's stock worth $869,175,000 after buying an additional 134,660 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 7,699,314 shares of the asset manager's stock valued at $403,764,000 after buying an additional 260,606 shares during the period. Finally, Norges Bank purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $258,688,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at KKR & Co. Inc.
In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on KKR. JMP Securities upped their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. TD Cowen upped their price objective on shares of KKR & Co. Inc. to $144.00 and gave the stock a "buy" rating in a report on Thursday. Barclays raised their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday. Finally, Morgan Stanley boosted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.64.
View Our Latest Stock Analysis on KKR
KKR & Co. Inc. Stock Performance
Shares of KKR traded up $1.44 during mid-day trading on Thursday, hitting $100.45. The company's stock had a trading volume of 5,795,906 shares, compared to its average volume of 3,437,282. The stock's 50-day moving average is $97.41 and its two-hundred day moving average is $80.53. The firm has a market capitalization of $88.90 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.63 EPS for the current year.
KKR & Co. Inc. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.66%. KKR & Co. Inc.'s dividend payout ratio is 16.18%.
KKR & Co. Inc. Company Profile
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Free Report)
KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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