Hsbc Holdings PLC Purchases 895,891 Shares of KKR & Co. Inc. (NYSE:KKR)

Hsbc Holdings PLC boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 315.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,179,728 shares of the asset manager’s stock after purchasing an additional 895,891 shares during the period. Hsbc Holdings PLC owned about 0.13% of KKR & Co. Inc. worth $124,623,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. grew its holdings in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. American National Bank grew its holdings in KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in KKR & Co. Inc. during the 2nd quarter valued at about $38,000. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $129.25 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50 day moving average price is $117.93 and its 200-day moving average price is $107.33. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $130.93. The company has a market cap of $114.70 billion, a PE ratio of 28.98, a P/E/G ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen raised their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

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.