V Square Quantitative Management LLC Has $408,000 Position in KKR & Co. Inc. (NYSE:KKR)

V Square Quantitative Management LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 54.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,124 shares of the asset manager’s stock after purchasing an additional 1,105 shares during the period. V Square Quantitative Management LLC’s holdings in KKR & Co. Inc. were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in KKR. GQG Partners LLC bought a new stake in KKR & Co. Inc. in the first quarter valued at about $217,004,000. Canada Pension Plan Investment Board raised its holdings in shares of KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after buying an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after buying an additional 1,585,447 shares during the period. APG Asset Management N.V. acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $154,468,000. Finally, Capital World Investors grew its position in KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after acquiring an additional 1,139,784 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on KKR shares. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their target price on KKR & Co. Inc. from $146.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.43.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $139.81 on Friday. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $140.15. The company’s 50-day moving average is $126.16 and its two-hundred day moving average is $112.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $124.07 billion, a PE ratio of 31.35, a PEG ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.