Swedbank AB Has $9.45 Million Position in KKR & Co. Inc. (NYSE:KKR)

Swedbank AB lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,374 shares of the asset manager's stock after purchasing an additional 6,942 shares during the period. Swedbank AB's holdings in KKR & Co. Inc. were worth $9,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KKR. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock worth $2,194,840,000 after buying an additional 124,257 shares during the period. Legal & General Group Plc grew its position in KKR & Co. Inc. by 5.7% in 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 buying an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp increased 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 valued at $424,835,000 after buying an additional 1,585,447 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of KKR & Co. Inc. by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,686,870 shares of the asset manager's stock worth $481,431,000 after acquiring an additional 60,611 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings 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 in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KKR has been the topic of several recent analyst reports. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley increased their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, Oppenheimer boosted their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. One equities research 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 data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $154.14.

KKR & Co. Inc. Stock Down 0.5 %

KKR & Co. Inc. stock traded down $0.88 during midday trading on Wednesday, hitting $160.39. The stock had a trading volume of 1,767,564 shares, compared to its average volume of 4,230,159. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $140.99 and a 200 day moving average price of $122.33. KKR & Co. Inc. has a 12 month low of $68.89 and a 12 month high of $162.73. The stock has a market cap of $142.46 billion, a P/E ratio of 49.02, a P/E/G ratio of 1.26 and a beta of 1.61.

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 (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company'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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business's stock in a transaction dated 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 acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents 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 company 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.