Sumitomo Mitsui DS Asset Management Company Ltd Sells 1,864 Shares of KKR & Co. Inc. (NYSE:KKR)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,970 shares of the asset manager’s stock after selling 1,864 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KKR & Co. Inc. were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $9,636,000. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.2% in the third 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 in the last quarter. Community Trust & Investment Co. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $6,615,000. TIAA Trust National Association bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $8,530,000. Finally, Black Swift Group LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $1,740,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. TD Cowen boosted their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company increased their target price 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $94.48 on Tuesday. The company has a market capitalization of $83.62 billion, a P/E ratio of 23.16, a P/E/G ratio of 0.85 and a beta of 1.61. The business has a fifty day simple moving average of $97.55 and a two-hundred day simple moving average of $82.46. 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. has a 1 year low of $47.79 and a 1 year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. On average, analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The acquisition was disclosed in a legal 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 business’s stock in a transaction that occurred on Monday, March 11th. The shares were 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. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.