Czech National Bank Has $17.94 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Czech National Bank lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,387 shares of the asset manager’s stock after acquiring an additional 10,607 shares during the period. Czech National Bank’s holdings in KKR & Co. Inc. were worth $17,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of KKR & Co. Inc. by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after buying an additional 89 shares during the period. Crestwood Advisors Group LLC raised its stake in KKR & Co. Inc. by 2.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock valued at $490,000 after acquiring an additional 94 shares during the period. Centaurus Financial Inc. boosted its position in KKR & Co. Inc. by 1.3% during the second quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager’s stock worth $812,000 after purchasing an additional 98 shares during the period. Premier Path Wealth Partners LLC grew its stake in KKR & Co. Inc. by 2.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after buying an additional 99 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock valued at $241,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent analyst reports. Oppenheimer lifted 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. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued 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 company an “overweight” rating in a report on Wednesday, July 10th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday. Finally, HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.64.

KKR & Co. Inc. Trading Up 1.8 %

KKR & Co. Inc. stock traded up $2.38 during mid-day trading on Friday, hitting $133.28. The company’s stock had a trading volume of 2,096,768 shares, compared to its average volume of 4,479,047. The business has a 50 day moving average price of $121.95 and a 200-day moving average price of $110.14. 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 12 month low of $53.72 and a 12 month high of $134.85. The stock has a market cap of $118.27 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.58 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 3.99 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company 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 annualized dividend and a yield of 0.53%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s 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 approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, 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 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 approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

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.