KKR & Co. Inc. (NYSE:KKR) Shares Purchased by National Pension Service

National Pension Service increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 967,176 shares of the asset manager's stock after purchasing an additional 16,045 shares during the quarter. National Pension Service owned approximately 0.11% of KKR & Co. Inc. worth $80,131,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $9,636,000. Vanguard Group Inc. increased its position in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock worth $2,460,381,000 after buying an additional 475,118 shares during the last quarter. Community Trust & Investment Co. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $6,615,000. TIAA Trust National Association bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $8,530,000. Finally, abrdn plc raised its stake in KKR & Co. Inc. by 83.9% in the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager's stock valued at $24,332,000 after buying an additional 134,003 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $2.53 during midday trading on Thursday, reaching $102.20. The company's stock had a trading volume of 4,506,861 shares, compared to its average volume of 3,545,929. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The firm has a 50 day moving average price of $97.81 and a 200-day moving average price of $85.37. The stock has a market capitalization of $90.45 billion, a P/E ratio of 22.87, a PEG ratio of 0.81 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

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

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.'s payout ratio is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction on 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on KKR shares. StockNews.com upgraded KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Thursday, May 2nd. Morgan Stanley increased 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. Jefferies Financial Group reduced their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a report on Thursday. Barclays raised their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.47.

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.