Harvest Fund Management Co. Ltd Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Harvest Fund Management Co. Ltd grew its stake in KKR & Co. Inc. (NYSE:KKR) by 312.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,316 shares of the asset manager’s stock after purchasing an additional 1,755 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in KKR & Co. Inc. were worth $192,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in KKR & Co. Inc. by 297.0% in the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after purchasing an additional 3,794,837 shares in the last quarter. Vanguard Group Inc. grew its position in shares of KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after buying an additional 475,118 shares in the last quarter. Jennison Associates LLC increased its stake in shares of KKR & Co. Inc. by 215.5% during the fourth quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock valued at $28,242,000 after buying an additional 232,821 shares during the period. International Assets Investment Management LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $14,838,000. Finally, Factory Mutual Insurance Co. purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $14,084,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KKR. TD Cowen boosted their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley increased their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company lifted 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. Finally, Barclays upped their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. 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 acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $94.11 on Thursday. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The firm has a market capitalization of $83.29 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.90 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock’s 50-day simple moving average is $97.61 and its 200-day simple moving average is $82.81.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, equities analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share 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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

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.