Mutual of America Capital Management LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Mutual of America Capital Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 83,834 shares of the asset manager’s stock, valued at approximately $8,823,000.

A number of other large investors also recently made changes to their positions in KKR. Gilbert & Cook Inc. lifted its stake in shares of KKR & Co. Inc. by 5.8% in the 4th quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after purchasing an additional 792 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,239,911 shares of the asset manager’s stock worth $102,737,000 after buying an additional 58,027 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in KKR & Co. Inc. by 5.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,567 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 196 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in KKR & Co. Inc. by 141.0% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 571 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer raised their price objective 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. 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 report on Thursday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted 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 note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Performance

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

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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.58 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were issued 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 0.54%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, 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 shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were 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 company insiders.

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.