Healthcare of Ontario Pension Plan Trust Fund Buys 36,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in KKR & Co. Inc. (NYSE:KKR) by 144.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,000 shares of the asset manager’s stock after purchasing an additional 36,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in KKR & Co. Inc. were worth $6,420,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. raised its holdings in KKR & Co. Inc. by 12.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,900 shares of the asset manager’s stock worth $305,000 after purchasing an additional 311 shares in the last quarter. Sanctuary Advisors LLC bought a new position in KKR & Co. Inc. in the 2nd quarter worth $7,444,000. New Century Financial Group LLC bought a new position in KKR & Co. Inc. in the 2nd quarter worth $376,000. Cetera Investment Advisers raised its holdings in KKR & Co. Inc. by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after purchasing an additional 5,309 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in KKR & Co. Inc. by 3.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock worth $452,000 after purchasing an additional 129 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $133.28 on Friday. The company has a market cap of $118.27 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.11 and a beta of 1.62. The firm’s fifty day moving average is $121.95 and its 200 day moving average is $110.14. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results 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 company 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 quarter in the prior year, the firm earned $0.58 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 3.99 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. JMP Securities increased 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 research note on Thursday, August 1st. TD Cowen increased their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Saturday, September 21st. Finally, Citigroup increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.64.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other KKR & Co. Inc. 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 transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

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.