KKR & Co. Inc. $KKR Position Decreased by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 75.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,766 shares of the asset manager’s stock after selling 8,697 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in KKR & Co. Inc. were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. in the third quarter worth approximately $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $27,000. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter worth $28,000. Richardson Financial Services Inc. grew its holdings in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth $31,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group dropped their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Finally, Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.40.

Insider Activity at KKR & Co. Inc.

In other news, CEO Joseph Y. Bae bought 125,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott C. Nuttall bought 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $93.52 on Friday. The business’s 50-day moving average is $117.89 and its 200-day moving average is $125.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $83.36 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 0.76 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

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

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

About KKR & Co. Inc.

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.