Royal London Asset Management Ltd. Raises Position in KKR & Co. Inc. (NYSE:KKR)

Royal London Asset Management Ltd. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.8% in the third quarter, Holdings Channel reports. The fund owned 270,540 shares of the asset manager’s stock after buying an additional 9,833 shares during the period. Royal London Asset Management Ltd.’s holdings in KKR & Co. Inc. were worth $35,327,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. Mather Group LLC. raised its holdings in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares during the last quarter. Park Avenue Securities LLC raised its holdings in KKR & Co. Inc. by 29.6% in the 2nd quarter. Park Avenue Securities LLC now owns 14,811 shares of the asset manager’s stock valued at $1,559,000 after acquiring an additional 3,385 shares during the last quarter. CWM LLC raised its holdings in KKR & Co. Inc. by 8.1% in the 2nd quarter. CWM LLC now owns 8,415 shares of the asset manager’s stock valued at $886,000 after acquiring an additional 631 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in KKR & Co. Inc. by 9.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the asset manager’s stock valued at $426,000 after acquiring an additional 341 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 5.5% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,234 shares of the asset manager’s stock worth $340,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $157.04 on Friday. 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 52 week low of $74.69 and a 52 week high of $163.68. The stock has a market capitalization of $139.49 billion, a PE ratio of 47.73, a P/E/G ratio of 1.25 and a beta of 1.63. The firm has a 50 day moving average of $144.83 and a two-hundred day moving average of $124.77.

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

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KKR shares. Barclays raised their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, JMP Securities raised their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.14.

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.