Asahi Life Asset Management CO. LTD. Invests $503,000 in KKR & Co. Inc. (NYSE:KKR)

Asahi Life Asset Management CO. LTD. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, HoldingsChannel reports. The firm acquired 3,850 shares of the asset manager’s stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the first quarter valued at approximately $217,004,000. Canada Pension Plan Investment Board grew its holdings in KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after buying an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after buying an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $154,468,000. Finally, Capital World Investors grew its stake in KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after acquiring an additional 1,139,784 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost 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 $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other 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 bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KKR has been the topic of several recent analyst reports. Citigroup increased their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.29.

KKR & Co. Inc. Trading Up 0.7 %

KKR & Co. Inc. stock traded up $0.93 during trading hours on Monday, reaching $140.81. The company had a trading volume of 362,157 shares, compared to its average volume of 4,340,043. The firm has a market cap of $124.96 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.20 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $54.14 and a 12-month high of $147.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company has a 50-day moving average price of $128.49 and a 200 day moving average price of $114.20.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 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 firm earned $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s payout ratio is 16.51%.

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.