KKR & Co. Inc. $KKR Shares Bought by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,609 shares of the asset manager’s stock after buying an additional 10,960 shares during the period. Aberdeen Group plc’s holdings in KKR & Co. Inc. were worth $36,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. increased its position in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $38,000. GW&K Investment Management LLC increased its position in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after buying an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on KKR shares. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. BMO Capital Markets started coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $157.40.

KKR & Co. Inc. Stock Down 5.0%

Shares of KKR opened at $117.88 on Monday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $105.03 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 1.29 and a beta of 1.91. The stock’s 50-day moving average price is $138.46 and its 200-day moving average price is $128.64.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

About KKR & Co. Inc.

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.