Tokio Marine Asset Management Co. Ltd. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,572 shares of the asset manager’s stock after acquiring an additional 593 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. E&G Advisors LP lifted its holdings in KKR & Co. Inc. by 1.5% in the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after buying an additional 126 shares during the period. Nordea Investment Management AB lifted its stake in shares of KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after purchasing an additional 133 shares during the period. Marks Group Wealth Management Inc lifted its stake in shares of KKR & Co. Inc. by 2.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager’s stock valued at $620,000 after purchasing an additional 146 shares during the period. AE Wealth Management LLC lifted its stake in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after purchasing an additional 168 shares during the period. Finally, Xponance Inc. lifted its stake in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Xponance Inc. now owns 40,823 shares of the asset manager’s stock valued at $3,382,000 after purchasing an additional 170 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KKR. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, Morgan Stanley raised their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Stock Up 1.2 %

Shares of KKR & Co. Inc. stock traded up $1.14 on Friday, reaching $96.01. The company’s stock had a trading volume of 132,295 shares, compared to its average volume of 3,431,646. The company has a market capitalization of $84.97 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 0.89 and a beta of 1.61. The firm’s fifty day simple moving average is $97.58 and its two-hundred day simple moving average is $82.90. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. Equities analysts anticipate that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

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.