KKR & Co. Inc. (NYSE:KKR) Shares Acquired by BNP Paribas

BNP Paribas grew its position in KKR & Co. Inc. (NYSE:KKR) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,300 shares of the asset manager’s stock after purchasing an additional 150 shares during the quarter. BNP Paribas’ holdings in KKR & Co. Inc. were worth $692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. FMR LLC raised its holdings in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of KKR & Co. Inc. by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock valued at $628,147,000 after purchasing an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of KKR & Co. Inc. by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager’s stock valued at $481,431,000 after purchasing an additional 60,611 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KKR. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Barclays lifted their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Citigroup lifted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.14.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated 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 represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.7 %

NYSE KKR opened at $160.13 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $142.23 billion, a PE ratio of 48.67, a P/E/G ratio of 1.26 and a beta of 1.61. KKR & Co. Inc. has a one year low of $68.89 and a one year high of $162.73. The firm’s fifty day moving average is $141.61 and its two-hundred day moving average is $122.59.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

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.