Skandinaviska Enskilda Banken AB publ Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,224 shares of the asset manager's stock after acquiring an additional 26,700 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in KKR & Co. Inc. were worth $37,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,918,000. Roberts Foundation acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $147,910,000. Amundi raised its position in shares of KKR & Co. Inc. by 51.8% during the 4th quarter. Amundi now owns 2,136,126 shares of the asset manager's stock worth $316,659,000 after purchasing an additional 728,515 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of KKR & Co. Inc. by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager's stock worth $156,199,000 after purchasing an additional 503,365 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

KKR & Co. Inc. Trading Up 4.5 %

Shares of NYSE KKR traded up $4.85 during trading on Friday, hitting $113.54. 6,824,404 shares of the company traded hands, compared to its average volume of 4,357,158. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a 50-day moving average price of $142.16 and a 200-day moving average price of $141.68. The firm has a market capitalization of $100.85 billion, a P/E ratio of 34.10, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.62%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 21.02%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several research reports. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $161.43.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.