Elo Mutual Pension Insurance Co Buys 1,774 Shares of KKR & Co. Inc. (NYSE:KKR)

Elo Mutual Pension Insurance Co raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,336 shares of the asset manager’s stock after buying an additional 1,774 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in KKR & Co. Inc. were worth $5,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KKR. Blair William & Co. IL lifted its position in KKR & Co. Inc. by 6.4% during the second quarter. Blair William & Co. IL now owns 24,373 shares of the asset manager’s stock valued at $2,565,000 after acquiring an additional 1,457 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in KKR & Co. Inc. by 36.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,909 shares of the asset manager’s stock worth $727,000 after purchasing an additional 1,841 shares during the last quarter. Amalgamated Bank increased its position in shares of KKR & Co. Inc. by 252.5% during the second quarter. Amalgamated Bank now owns 137,294 shares of the asset manager’s stock worth $14,449,000 after purchasing an additional 98,347 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of KKR & Co. Inc. by 6.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,590 shares of the asset manager’s stock valued at $904,000 after purchasing an additional 510 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in shares of KKR & Co. Inc. by 8.3% during the 2nd quarter. Argent Trust Co now owns 3,288 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 253 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, 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 value of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 1.0 %

Shares of NYSE:KKR opened at $129.25 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $130.93. The business has a 50 day moving average of $117.93 and a two-hundred day moving average of $107.33. The company has a market capitalization 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. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) 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 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 in the prior year, the firm posted $0.58 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders 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 dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KKR. Wells Fargo & Company started coverage on KKR & Co. Inc. in a research note on Thursday, September 12th. They set an “equal weight” rating and a $130.00 target price on the stock. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Thursday, September 12th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Barclays raised their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.