Intech Investment Management LLC Raises Stake in KKR & Co. Inc. (NYSE:KKR)

Intech Investment Management LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 18.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,414 shares of the asset manager’s stock after purchasing an additional 5,426 shares during the quarter. Intech Investment Management LLC’s holdings in KKR & Co. Inc. were worth $3,622,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KKR. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the first quarter worth $27,000. Versant Capital Management Inc raised its stake in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. boosted its position in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares in the last quarter. American National Bank grew its stake in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Evercore ISI raised their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer increased their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, TD Cowen boosted their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Up 0.3 %

Shares of NYSE KKR opened at $133.23 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $118.23 billion, a PE ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. The firm has a fifty day moving average of $118.86 and a 200-day moving average of $107.90. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping 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 return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the business posted $0.58 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a 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.