Vinva Investment Management Ltd Has $3.02 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Vinva Investment Management Ltd lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,875 shares of the asset manager’s stock after acquiring an additional 1,200 shares during the quarter. Vinva Investment Management Ltd’s holdings in KKR & Co. Inc. were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dudley Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC raised its holdings in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after buying an additional 80 shares in the last quarter. Sigma Planning Corp raised its holdings in KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after buying an additional 81 shares in the last quarter. Connable Office Inc. raised its holdings in KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after buying an additional 82 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after buying an additional 85 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction 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 approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Down 0.8 %

KKR stock opened at $160.03 on Friday. KKR & Co. Inc. has a twelve month low of $68.89 and a twelve month high of $162.73. The company has a market cap of $142.14 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. The business’s 50-day simple moving average is $142.15 and its 200 day simple moving average is $122.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business earned $0.73 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent research reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. HSBC began coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Finally, JMP Securities raised their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.14.

KKR & Co. Inc. Company 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.