Natixis Advisors L.P. Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Natixis Advisors L.P. grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 635,090 shares of the asset manager's stock after acquiring an additional 78,853 shares during the quarter. Natixis Advisors L.P. owned about 0.07% of KKR & Co. Inc. worth $52,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 1.2% during 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 buying an additional 475,118 shares during the period. Wellington Management Group LLP lifted its stake in shares of KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock valued at $312,469,000 after purchasing an additional 3,794,837 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 1,202,841 shares of the asset manager's stock valued at $99,655,000 after purchasing an additional 9,266 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of KKR & Co. Inc. by 215.5% during the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager's stock worth $28,242,000 after purchasing an additional 232,821 shares during the period. Finally, abrdn plc increased its position in shares of KKR & Co. Inc. by 83.9% during the 4th quarter. abrdn plc now owns 293,690 shares of the asset manager's stock worth $24,332,000 after purchasing an additional 134,003 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 2.2 %

KKR & Co. Inc. stock traded down $2.12 during trading on Friday, reaching $95.01. The stock had a trading volume of 5,831,690 shares, compared to its average volume of 3,719,035. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The business has a 50 day moving average price of $97.61 and a 200 day moving average price of $84.47. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $84.08 billion, a PE ratio of 21.30, a P/E/G ratio of 0.90 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. On average, analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is presently 15.70%.

Analysts Set New Price Targets

KKR has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. JMP Securities boosted their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 9th. Morgan Stanley raised 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, StockNews.com raised KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company's stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company Profile

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.