Oppenheimer Asset Management Inc. Raises Stock Position in KKR & Co. Inc. (NYSE:KKR)

Oppenheimer Asset Management Inc. boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 45.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,358 shares of the asset manager's stock after acquiring an additional 5,120 shares during the period. Oppenheimer Asset Management Inc.'s holdings in KKR & Co. Inc. were worth $2,136,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. during the first quarter valued at $217,004,000. Canada Pension Plan Investment Board raised its stake in shares of KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager's stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. purchased a new position in KKR & Co. Inc. in the 2nd quarter worth about $154,468,000. Finally, Capital World Investors lifted its stake in 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 during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective for the company. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a research report on Wednesday, September 18th. TD Cowen raised their price objective 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, HSBC assumed 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.93.

KKR & Co. Inc. Trading Down 0.3 %

KKR opened at $150.02 on Friday. The stock's 50 day moving average price is $136.16 and its 200-day moving average price is $119.17. The stock has a market cap of $133.25 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.20 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. KKR & Co. Inc. has a one year low of $65.91 and a one year high of $156.54.

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. 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 the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

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.