KKR & Co. Inc. (NYSE:KKR) Stake Lifted by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in KKR & Co. Inc. (NYSE:KKR) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,432,827 shares of the asset manager’s stock after buying an additional 60,147 shares during the quarter. Wellington Management Group LLP owned approximately 2.64% of KKR & Co. Inc. worth $3,059,859,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of KKR & Co. Inc. during the second quarter worth about $154,468,000. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after acquiring an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of KKR & Co. Inc. by 315.6% during the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after acquiring an additional 895,891 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research analyst reports. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $154.14.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $157.04 on Friday. 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 stock has a 50 day simple moving average of $144.83 and a 200 day simple moving average of $124.77. KKR & Co. Inc. has a 52-week low of $74.69 and a 52-week high of $163.68. The firm 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.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. Company 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.