QRG Capital Management Inc. Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

QRG Capital Management Inc. grew its position in KKR & Co. Inc. (NYSE:KKR) by 14.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,575 shares of the asset manager’s stock after purchasing an additional 3,015 shares during the period. QRG Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $3,078,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after buying an additional 996,871 shares during the last quarter. Capital World Investors grew its holdings in shares of KKR & Co. Inc. by 7.4% in the first 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 in the last quarter. Legal & General Group Plc increased its position in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock valued at $628,147,000 after acquiring an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp boosted its position in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after purchasing an additional 1,585,447 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in 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 worth $380,442,000 after purchasing an additional 127,726 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 9.5 %

Shares of KKR opened at $152.22 on Thursday. KKR & Co. Inc. has a twelve month low of $59.08 and a twelve month high of $153.51. The stock has a market cap of $135.09 billion, a PE ratio of 46.27, a P/E/G ratio of 1.13 and a beta of 1.61. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $131.67 and its 200-day moving average price is $116.57.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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 paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KKR. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Barclays upped their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.64.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. 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 sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.