Sumitomo Mitsui DS Asset Management Company Ltd Has $3.89 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

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

Several other institutional investors have also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $9,636,000. Vanguard Group Inc. increased its position in KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. Community Trust & Investment Co. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $6,615,000. TIAA Trust National Association acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $8,530,000. Finally, Black Swift Group LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,740,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $94.48 on Tuesday. The stock has a market cap 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. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $97.55 and a 200 day simple moving average of $82.46.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results 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 firm had revenue of $1.07 billion during 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, research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 16.18%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KKR shares. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Barclays upped their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JMP Securities lifted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen upped their target price on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

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.