Ensign Peak Advisors Inc Boosts Position in KKR & Co. Inc. (NYSE:KKR)

Ensign Peak Advisors Inc raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 915,870 shares of the asset manager’s stock after buying an additional 91,600 shares during the quarter. Ensign Peak Advisors Inc’s holdings in KKR & Co. Inc. were worth $135,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. lifted its stake in KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after acquiring an additional 69 shares in the last quarter. Ballentine Partners LLC boosted its holdings in KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust increased its stake in KKR & Co. Inc. by 5.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after purchasing an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert W. Scully purchased 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Citigroup reduced their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Barclays boosted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price objective for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.73.

KKR & Co. Inc. Stock Up 2.3 %

KKR opened at $118.88 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50 day moving average price of $111.09 and a two-hundred day moving average price of $136.31. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $105.59 billion, a PE ratio of 35.70, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s quarterly revenue was down 67.8% compared to the same quarter last year. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. The ex-dividend date is Monday, May 12th. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.22%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.