KKR & Co. Inc. $KKR Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its stake in KKR & Co. Inc. (NYSE:KKR) by 89.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 43,686 shares of the asset manager’s stock after buying an additional 20,655 shares during the quarter. Saudi Central Bank’s holdings in KKR & Co. Inc. were worth $4,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Principal Financial Group Inc. increased its holdings in shares of KKR & Co. Inc. by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after acquiring an additional 1,261,314 shares during the period. Geode Capital Management LLC boosted its stake in KKR & Co. Inc. by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock valued at $1,903,220,000 after purchasing an additional 146,285 shares during the period. Norges Bank acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $1,715,929,000. First Manhattan CO. LLC. boosted its stake in KKR & Co. Inc. by 0.8% during the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after purchasing an additional 67,441 shares during the period. Finally, Capital Research Global Investors grew its position in KKR & Co. Inc. by 0.4% in the 4th quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock worth $714,195,000 after purchasing an additional 23,483 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $107.81 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $102.68 and its 200 day moving average price is $97.84. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The firm has a market cap of $96.77 billion, a P/E ratio of 34.33, a PEG ratio of 1.01 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company earned $1.18 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.

Analyst Ratings Changes

KKR has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Barclays boosted their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. HSBC increased their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. BMO Capital Markets lifted their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Argus lifted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane E. Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.