Skandinaviska Enskilda Banken AB publ Increases Stake in KKR & Co. Inc. (NYSE:KKR)

Skandinaviska Enskilda Banken AB publ raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,224 shares of the asset manager’s stock after buying an additional 4,943 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in KKR & Co. Inc. were worth $24,133,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KKR. Versant Capital Management Inc boosted its holdings in KKR & Co. Inc. by 622.9% in the second 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 period. Mather Group LLC. raised its position in 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 purchasing an additional 208 shares in the last quarter. Riverview Trust Co purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $27,000. American National Bank grew its position in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in KKR & Co. Inc. in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of several analyst reports. JMP Securities boosted their price target 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. The Goldman Sachs Group boosted 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 note on Thursday, August 1st. Oppenheimer increased their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.27.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction dated 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. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $133.26 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84. The company has a market capitalization of $118.26 billion, a PE ratio of 29.88, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a fifty day moving average of $118.86 and a two-hundred day moving average of $107.75.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

KKR & Co. Inc. 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.