Fmr LLC Buys 165,631 Shares of KKR & Co. Inc. (NYSE:KKR)

Fmr LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,251,333 shares of the asset manager’s stock after acquiring an additional 165,631 shares during the quarter. Fmr LLC owned approximately 1.27% of KKR & Co. Inc. worth $1,469,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Legal & General Group Plc increased its holdings in KKR & Co. Inc. by 5.7% in the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after purchasing an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KKR & Co. Inc. by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager’s stock worth $481,431,000 after purchasing an additional 60,611 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in KKR & Co. Inc. by 3.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock worth $380,442,000 after purchasing an additional 127,726 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Finally, Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

KKR & Co. Inc. Stock Up 1.5 %

Shares of NYSE:KKR opened at $161.27 on Wednesday. The stock has a market cap of $143.24 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 1.26 and a beta of 1.61. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $68.58 and a 12-month high of $161.53. The business’s 50 day moving average is $140.99 and its 200 day moving average is $122.33.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.43%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. 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.