Tokio Marine Asset Management Co. Ltd. Acquires 593 Shares of KKR & Co. Inc. (NYSE:KKR)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,572 shares of the asset manager’s stock after purchasing an additional 593 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $1,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Blue Trust Inc. boosted its holdings in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Naples Money Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $43,000. CVA Family Office LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $48,000. Finally, Washington Trust Advisors Inc. boosted its holdings in KKR & Co. Inc. by 258.3% in the fourth quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock worth $52,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $1.14 on Friday, reaching $96.01. The company’s stock had a trading volume of 132,295 shares, compared to its average volume of 3,431,646. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The company has a market cap of $84.97 billion, a P/E ratio of 23.26, a PEG ratio of 0.89 and a beta of 1.61. The company has a 50-day simple moving average of $97.58 and a 200 day simple moving average of $82.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is presently 16.18%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Cowen lifted their price target on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.64.

Insider Buying and Selling

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