KKR & Co. Inc. $KKR Stock Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,469 shares of the asset manager’s stock after acquiring an additional 6,775 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KKR & Co. Inc. were worth $8,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. CWA Asset Management Group LLC raised its holdings in KKR & Co. Inc. by 2.8% in the 3rd quarter. CWA Asset Management Group LLC now owns 9,346 shares of the asset manager’s stock worth $853,000 after purchasing an additional 257 shares in the last quarter. Maia Wealth LLC boosted its stake in shares of KKR & Co. Inc. by 9.1% during the 3rd quarter. Maia Wealth LLC now owns 3,005 shares of the asset manager’s stock valued at $274,000 after purchasing an additional 251 shares in the last quarter. Investment Research & Advisory Group Inc. boosted its stake in shares of KKR & Co. Inc. by 3.7% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 13,402 shares of the asset manager’s stock valued at $1,226,000 after purchasing an additional 472 shares in the last quarter. SteelPeak Wealth LLC boosted its stake in shares of KKR & Co. Inc. by 29.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 4,323 shares of the asset manager’s stock valued at $395,000 after purchasing an additional 991 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of KKR & Co. Inc. by 30.3% during the 3rd quarter. IFP Advisors Inc now owns 53,284 shares of the asset manager’s stock valued at $4,865,000 after purchasing an additional 12,386 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. BNP Paribas Exane lowered their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Royal Bank Of Canada lifted their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group cut their price objective on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.21.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $89.85 on Thursday. The stock has a market cap of $80.65 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The firm’s 50-day simple moving average is $99.43 and its two-hundred day simple moving average is $98.43.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same period in the previous year, the firm posted $1.18 EPS. Analysts anticipate that KKR & Co. Inc. will post 7.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a dividend of $0.1950 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.