CIBC Asset Management Inc Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

CIBC Asset Management Inc boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,399 shares of the asset manager's stock after buying an additional 8,653 shares during the quarter. CIBC Asset Management Inc's holdings in KKR & Co. Inc. were worth $13,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Massachusetts Financial Services Co. MA raised its holdings in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the period. Capital World Investors raised its stake in shares of KKR & Co. Inc. by 7.4% during the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager's stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. Legal & General Group Plc lifted its holdings in KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after purchasing an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after purchasing an additional 1,585,447 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in shares of KKR & Co. Inc. by 3.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager's stock valued at $380,442,000 after acquiring an additional 127,726 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective for the company. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. TD Cowen raised their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.93.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $150.02 on Friday. KKR & Co. Inc. has a one year low of $65.91 and a one year high of $156.54. The company has a market capitalization of $133.25 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. The company's 50-day moving average is $136.16 and its 200 day moving average is $119.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping 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 return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the company earned $0.73 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

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.