5,403 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,403 shares of the asset manager's stock, valued at approximately $706,000.

A number of other institutional investors have also recently modified their holdings of KKR. Swedbank AB lifted its holdings in shares of KKR & Co. Inc. by 33.5% during the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock valued at $6,886,000 after buying an additional 16,424 shares during the period. XTX Topco Ltd boosted its holdings in shares of KKR & Co. Inc. by 116.8% in the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock worth $3,117,000 after buying an additional 15,959 shares during the last quarter. Advisors Asset Management Inc. grew its position in KKR & Co. Inc. by 100.7% during the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager's stock valued at $2,017,000 after buying an additional 10,060 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in KKR & Co. Inc. in the first quarter worth approximately $2,514,000. Finally, Atria Investments Inc boosted its stake in shares of KKR & Co. Inc. by 23.8% during the 1st quarter. Atria Investments Inc now owns 36,702 shares of the asset manager's stock worth $3,691,000 after acquiring an additional 7,050 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price objective on the stock. Argus raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Citigroup lifted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Evercore ISI increased their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.93.

KKR & Co. Inc. Stock Down 0.9 %

Shares of KKR & Co. Inc. stock traded down $1.42 during trading hours on Friday, reaching $149.10. 1,534,848 shares of the company were exchanged, compared to its average volume of 4,262,361. KKR & Co. Inc. has a 1 year low of $65.91 and a 1 year high of $156.54. The firm has a market cap of $132.44 billion, a PE ratio of 45.62, a PEG ratio of 1.22 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock's fifty day moving average is $135.49 and its 200 day moving average is $118.78.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business earned $0.73 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company's 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

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.