National Bank of Canada FI Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

National Bank of Canada FI lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 527,854 shares of the asset manager's stock after buying an additional 41,490 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of KKR & Co. Inc. worth $68,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after purchasing an additional 4,719 shares during the last quarter. Swedbank AB increased its position in KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock worth $6,886,000 after purchasing an additional 16,424 shares during the last quarter. XTX Topco Ltd increased its position in 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 purchasing an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after purchasing an additional 4,481 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new position in KKR & Co. Inc. during the third quarter valued at $4,725,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.6 %

Shares of KKR & Co. Inc. stock traded up $0.97 on Friday, reaching $158.01. The stock had a trading volume of 4,057,762 shares, compared to its average volume of 3,078,497. 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 stock has a market capitalization of $140.35 billion, a P/E ratio of 48.03, a P/E/G ratio of 1.25 and a beta of 1.63. The company has a 50 day moving average price of $145.35 and a 200 day moving average price of $125.40. KKR & Co. Inc. has a 1 year low of $74.85 and a 1 year high of $163.68.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its 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 company had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.73 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KKR. Barclays upped 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. Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target on the stock. TD Cowen lifted their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price objective on the stock. Finally, Citigroup increased their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.14.

Insider Buying and Selling at KKR & Co. Inc.

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

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.