Tredje AP fonden Has $61.85 Million Holdings in KKR & Co. Inc. $KKR

Tredje AP fonden increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 47.0% during the third quarter, Holdings Channel.com reports. The fund owned 475,918 shares of the asset manager’s stock after purchasing an additional 152,162 shares during the quarter. Tredje AP fonden’s holdings in KKR & Co. Inc. were worth $61,846,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KKR. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of KKR & Co. Inc. by 454.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after buying an additional 1,132,046 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of KKR & Co. Inc. by 1.9% in the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after buying an additional 1,099,263 shares during the period. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after buying an additional 765,457 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC grew its position in KKR & Co. Inc. by 166.1% during the second quarter. Bain Capital Public Equity Management II LLC now owns 986,221 shares of the asset manager’s stock worth $131,197,000 after buying an additional 615,591 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several analyst reports. Barclays dropped their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note 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. Finally, Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $153.50.

Insider Activity at KKR & Co. Inc.

In related news, CEO Joseph Y. Bae bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the purchase, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. This represents a 32.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the acquisition, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This represents a 27.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 343,872 shares of company stock worth $35,367,179 in the last 90 days. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $101.14 on Friday. The business has a fifty day simple moving average of $120.99 and a 200 day simple moving average of $127.34. The company has a market cap of $90.15 billion, a P/E ratio of 43.22, a P/E/G ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $153.87.

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

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

KKR & Co. Inc. Company 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.