Northwestern Mutual Wealth Management Co. Has $9.60 Million Stock Holdings in KKR & Co. Inc. $KKR

Northwestern Mutual Wealth Management Co. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 9.3% during the fourth quarter, HoldingsChannel reports. The fund owned 75,337 shares of the asset manager’s stock after purchasing an additional 6,403 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in KKR & Co. Inc. were worth $9,604,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. during the third quarter valued at about $27,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Finally, Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director owned 285,000 shares in the company, valued at $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.20% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Barclays cut their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $134.53.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $95.04 on Tuesday. The firm has a market cap of $85.34 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.83 and a beta of 1.85. The company has a 50 day moving average of $96.55 and a 200-day moving average of $108.86. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, equities analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 26.53%.

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.