Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in KKR & Co. Inc. (NYSE:KKR) by 125.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,355 shares of the asset manager’s stock after purchasing an additional 755 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KKR & Co. Inc. were worth $112,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $9,636,000. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after purchasing an additional 475,118 shares in the last quarter. Community Trust & Investment Co. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $6,615,000. TIAA Trust National Association bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $8,530,000. Finally, Black Swift Group LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $1,740,000. 76.26% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $93.41 on Friday. The firm has a market cap of $82.67 billion, a PE ratio of 22.89, a PEG ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The stock has a 50 day moving average of $97.70 and a 200 day moving average of $81.68. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. On average, research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Barclays increased their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley upped their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. TD Cowen upped their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

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.