Oppenheimer Asset Management Inc. Acquires 5,120 Shares of KKR & Co. Inc. (NYSE:KKR)

Oppenheimer Asset Management Inc. boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 45.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,358 shares of the asset manager’s stock after buying an additional 5,120 shares during the period. Oppenheimer Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $2,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB boosted its position in shares of KKR & Co. Inc. by 33.5% in the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock worth $6,886,000 after purchasing an additional 16,424 shares during the last quarter. XTX Topco Ltd boosted its holdings in KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after buying an additional 15,959 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in KKR & Co. Inc. by 100.7% during the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after buying an additional 10,060 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $2,514,000. Finally, Atria Investments Inc increased its stake in shares of KKR & Co. Inc. by 23.8% in the 1st quarter. Atria Investments Inc now owns 36,702 shares of the asset manager’s stock valued at $3,691,000 after acquiring an additional 7,050 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on KKR shares. Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup upped their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays lifted their target price on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Oppenheimer increased their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $152.93.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $150.02 on Friday. The firm’s 50 day moving average is $136.16 and its 200-day moving average is $119.17. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $133.25 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $65.91 and a 12-month high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating 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 5.77%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

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.