TCW Group Inc. Acquires 138,474 Shares of KKR & Co. Inc. (NYSE:KKR)

TCW Group Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 122.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,928 shares of the asset manager’s stock after buying an additional 138,474 shares during the quarter. TCW Group Inc.’s holdings in KKR & Co. Inc. were worth $32,897,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Wedmont Private Capital increased its position in shares of KKR & Co. Inc. by 32.4% during the second quarter. Wedmont Private Capital now owns 2,996 shares of the asset manager’s stock valued at $332,000 after acquiring an additional 733 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter worth $212,000. ORG Partners LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter worth $253,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of KKR & Co. Inc. by 4.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,628 shares of the asset manager’s stock valued at $2,802,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after buying an additional 16,424 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of recent analyst reports. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer raised their target price 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. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.50.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $151.87 on Wednesday. The stock has a market cap of $134.90 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12 month low of $76.60 and a 12 month high of $163.68. The company’s 50 day moving average is $145.78 and its two-hundred day moving average is $125.75. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm 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 period last year, the firm earned $0.73 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

KKR & Co. Inc. Profile

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.