Public Sector Pension Investment Board Acquires 8,641 Shares of KKR & Co. Inc. $KKR

Public Sector Pension Investment Board increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,947 shares of the asset manager’s stock after acquiring an additional 8,641 shares during the quarter. Public Sector Pension Investment Board’s holdings in KKR & Co. Inc. were worth $19,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. increased its holdings in shares of KKR & Co. Inc. by 6.2% during the third quarter. Wedbush Securities Inc. now owns 21,079 shares of the asset manager’s stock worth $2,739,000 after purchasing an additional 1,236 shares during the period. Varma Mutual Pension Insurance Co grew its position in KKR & Co. Inc. by 21.9% during the third quarter. Varma Mutual Pension Insurance Co now owns 125,727 shares of the asset manager’s stock worth $16,338,000 after buying an additional 22,600 shares in the last quarter. Drake & Associates LLC grew its position in KKR & Co. Inc. by 37.4% during the third quarter. Drake & Associates LLC now owns 7,216 shares of the asset manager’s stock worth $858,000 after buying an additional 1,965 shares in the last quarter. Savvy Advisors Inc. increased its stake in KKR & Co. Inc. by 44.8% during the 3rd quarter. Savvy Advisors Inc. now owns 2,501 shares of the asset manager’s stock worth $325,000 after acquiring an additional 774 shares during the period. Finally, Cibc World Market Inc. raised its holdings in KKR & Co. Inc. by 28.3% in the 3rd quarter. Cibc World Market Inc. now owns 47,761 shares of the asset manager’s stock valued at $6,207,000 after acquiring an additional 10,547 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.57.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $101.64 on Friday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $90.60 billion, a PE ratio of 43.44, a P/E/G ratio of 0.79 and a beta of 1.99. The stock has a 50-day moving average price of $124.51 and a two-hundred day moving average price of $128.91.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company’s quarterly revenue was up 76.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the acquisition, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. This represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.