Quadrature Capital Ltd Buys New Shares in KKR & Co. Inc. (NYSE:KKR)

Quadrature Capital Ltd bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 47,456 shares of the asset manager’s stock, valued at approximately $3,932,000.

Several other hedge funds have also bought and sold shares of KKR. Capital International Investors increased its holdings in shares of KKR & Co. Inc. by 1.9% in the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after buying an additional 805,122 shares during the last quarter. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after acquiring an additional 1,728,782 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of KKR & Co. Inc. by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after purchasing an additional 365,449 shares during the period. Finally, Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $649,798,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Jefferies Financial Group cut their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. StockNews.com lowered shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.57.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $110.48 on Wednesday. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91. The stock has a market capitalization of $98.04 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.95 and a beta of 1.63. The firm’s 50-day moving average is $101.43 and its two-hundred day moving average is $94.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). The company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. Equities analysts predict that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is 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.