FUKOKU MUTUAL LIFE INSURANCE Co Buys 8,300 Shares of KKR & Co. Inc. $KKR

FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in KKR & Co. Inc. (NYSE:KKR) by 262.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,463 shares of the asset manager’s stock after purchasing an additional 8,300 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in KKR & Co. Inc. were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of KKR. Saudi Central Bank purchased a new stake in KKR & Co. Inc. in the 1st quarter valued at $28,000. Clearstead Trust LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter worth $28,000. Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth $31,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 2.9%

Shares of KKR stock opened at $117.47 on Thursday. The stock has a market capitalization of $104.71 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 1.33 and a beta of 1.92. The company’s fifty day simple moving average is $126.87 and its two-hundred day simple moving average is $131.17. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the previous year, the firm earned $1.38 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on KKR. Barclays increased their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Oppenheimer reduced their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, TD Cowen reduced their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.31.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.