KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 679.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,973 shares of the asset manager’s stock after acquiring an additional 20,899 shares during the period. Citizens Financial Group Inc. RI’s holdings in KKR & Co. Inc. were worth $2,523,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. One Capital Management LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $715,000. Dimensional Fund Advisors LP raised its holdings in KKR & Co. Inc. by 30.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager’s stock valued at $163,487,000 after buying an additional 364,141 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after buying an additional 996,871 shares during the period. Rathbones Group PLC lifted its position in KKR & Co. Inc. by 6.7% in the second quarter. Rathbones Group PLC now owns 28,825 shares of the asset manager’s stock valued at $3,034,000 after buying an additional 1,810 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in KKR & Co. Inc. during the second quarter worth about $11,095,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other KKR & Co. Inc. news, 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 stock was purchased 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 directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KKR shares. Barclays upped their price objective 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. Oppenheimer upped their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI increased their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

KKR & Co. Inc. Stock Up 3.0 %

Shares of KKR & Co. Inc. stock opened at $126.54 on Tuesday. 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 $128.79. The company has a market capitalization of $112.30 billion, a P/E ratio of 28.37, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a 50 day moving average of $117.09 and a 200 day moving average of $106.97.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.58 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.55%. KKR & Co. Inc.’s dividend payout ratio is currently 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.