B. Metzler seel. Sohn & Co. Holding AG Buys New Shares in KKR & Co. Inc. (NYSE:KKR)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 52,923 shares of the asset manager's stock, valued at approximately $6,911,000.

Several other hedge funds also recently bought and sold shares of KKR. Canada Pension Plan Investment Board raised its holdings in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the period. Bank of New York Mellon Corp increased its position in shares of KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after acquiring an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. during the second quarter worth $154,468,000. Capital World Investors increased its position in shares of KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager's stock worth $1,674,144,000 after acquiring an additional 1,139,784 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after acquiring an additional 996,871 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $0.66 during midday trading on Wednesday, hitting $152.12. The stock had a trading volume of 3,722,982 shares, compared to its average volume of 4,253,399. The company's 50-day moving average price is $137.54 and its 200-day moving average price is $120.31. The company has a market capitalization of $135.12 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. 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. has a fifty-two week low of $67.64 and a fifty-two week high of $156.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research report on Monday, November 11th. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.14.

KKR & Co. Inc. 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.