Federated Hermes Inc. Has $29.29 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Federated Hermes Inc. raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,309 shares of the asset manager’s stock after buying an additional 34,201 shares during the quarter. Federated Hermes Inc.’s holdings in KKR & Co. Inc. were worth $29,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the first quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after buying an additional 218 shares during the period. Mather Group LLC. increased its position in shares of 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 buying an additional 208 shares in the last quarter. American National Bank raised its stake in KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares during the period. Finally, Missouri Trust & Investment Co lifted its holdings in KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KKR. TD Cowen increased their price target on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JMP Securities raised their target price on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Barclays upped their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Oppenheimer increased their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.86.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $122.80 on Friday. The firm’s fifty day moving average price is $116.66 and its two-hundred day moving average price is $106.70. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $128.79. The firm has a market capitalization of $108.98 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the firm earned $0.58 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders 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 0.57%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.