DRW Securities LLC Raises Stake in KKR & Co. Inc. (NYSE:KKR)

DRW Securities LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 110.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,569 shares of the asset manager's stock after purchasing an additional 5,538 shares during the quarter. DRW Securities LLC's holdings in KKR & Co. Inc. were worth $1,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Canada Pension Plan Investment Board boosted its holdings in KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock valued at $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock valued at $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. purchased a new position in KKR & Co. Inc. in the second quarter worth approximately $154,468,000. Massachusetts Financial Services Co. MA increased its stake in 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 during the last quarter. Finally, Hsbc Holdings PLC raised its position in KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager's stock valued at $124,623,000 after purchasing an additional 895,891 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 1.5 %

KKR & Co. Inc. stock traded up $2.33 during trading on Tuesday, reaching $161.27. The stock had a trading volume of 3,210,581 shares, compared to its average volume of 4,241,370. 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 52-week low of $68.58 and a 52-week high of $161.53. The stock has a market cap of $143.24 billion, a PE ratio of 49.02, a P/E/G ratio of 1.26 and a beta of 1.61. The business has a 50 day moving average price of $140.99 and a 200 day moving average price of $122.33.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations 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 company earned $0.73 EPS. On average, analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.43%. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target for the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.14.

KKR & Co. Inc. Company 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.