US Bancorp DE Has $6.64 Million Stake in KKR & Co. Inc. (NYSE:KKR)

US Bancorp DE raised its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,816 shares of the asset manager's stock after purchasing an additional 4,388 shares during the quarter. US Bancorp DE's holdings in KKR & Co. Inc. were worth $6,636,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted 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 valued at $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Capital World Investors boosted its holdings 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 acquiring an additional 1,139,784 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of 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 valued at $628,147,000 after acquiring an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of KKR & Co. Inc. by 64.7% during the 2nd 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 in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of KKR & Co. Inc. by 3.7% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. Morgan Stanley raised their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective on the stock. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.64.

KKR & Co. Inc. Trading Down 0.6 %

Shares of KKR stock traded down $0.77 during mid-day trading on Monday, hitting $136.81. The company's stock had a trading volume of 2,012,976 shares, compared to its average volume of 4,303,509. The company's fifty day simple moving average is $130.44 and its 200-day simple moving average is $115.69. KKR & Co. Inc. has a 52 week low of $58.94 and a 52 week high of $147.15. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $121.41 billion, a PE ratio of 41.90, a P/E/G ratio of 1.14 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.73 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors 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 yield of 0.51%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.'s payout ratio is 21.28%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired 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 of the company's stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.