Fmr LLC Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

FMR LLC lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,251,333 shares of the asset manager's stock after acquiring an additional 165,631 shares during the quarter. FMR LLC owned 1.27% of KKR & Co. Inc. worth $1,469,199,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock valued at $27,000 after purchasing an additional 218 shares in the last quarter. Mather Group LLC. increased its holdings in KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock valued at $27,000 after buying an additional 208 shares during the period. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $31,000. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock worth $31,000 after buying an additional 85 shares during the period. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HSBC initiated coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price target for the company. Morgan Stanley increased their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barclays increased their target price 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price of $154.14.

Insider Buying and Selling

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

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.14 during trading hours on Wednesday, reaching $160.13. 4,272,882 shares of the company traded hands, compared to its average volume of 4,241,511. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $141.61 and a 200-day moving average price of $122.59. KKR & Co. Inc. has a 12-month low of $68.89 and a 12-month high of $162.73. The stock has a market capitalization of $142.23 billion, a P/E ratio of 48.67, a P/E/G ratio of 1.26 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the business earned $0.73 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given 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 yield of 0.44%. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

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.