Samlyn Capital LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Samlyn Capital LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 329,533 shares of the asset manager’s stock, valued at approximately $34,680,000.

A number of other large investors also recently modified their holdings of the company. Xponance Inc. lifted its stake in shares of KKR & Co. Inc. by 52.1% in the 2nd quarter. Xponance Inc. now owns 105,896 shares of the asset manager’s stock valued at $11,144,000 after acquiring an additional 36,292 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of KKR & Co. Inc. by 17.6% in the 2nd quarter. Bank of Montreal Can now owns 1,422,786 shares of the asset manager’s stock valued at $152,921,000 after acquiring an additional 212,433 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 181 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of KKR & Co. Inc. by 45.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 112,900 shares of the asset manager’s stock valued at $11,882,000 after acquiring an additional 35,135 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in KKR & Co. Inc. by 1.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 99,431 shares of the asset manager’s stock worth $10,464,000 after purchasing an additional 1,876 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $132.58 on Tuesday. The stock has a market cap of $117.65 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. 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. has a fifty-two week low of $53.72 and a fifty-two week high of $134.85. The firm’s 50-day simple moving average is $119.21 and its two-hundred day simple moving average is $108.15.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of 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. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KKR shares. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 target price for the company. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Saturday. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.