National Pension Service Grows Position in KKR & Co. Inc. $KKR

National Pension Service raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475,136 shares of the asset manager’s stock after buying an additional 90,570 shares during the quarter. National Pension Service’s holdings in KKR & Co. Inc. were worth $135,388,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. SouthState Bank Corp grew its holdings in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth $29,000. MV Capital Management Inc. bought a new stake in KKR & Co. Inc. in the fourth quarter worth $31,000. Finally, Hanson & Doremus Investment Management raised its stake in KKR & Co. Inc. by 83.3% during the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $100.83 on Friday. The firm has a market capitalization of $90.51 billion, a PE ratio of 32.11, a PEG ratio of 0.98 and a beta of 1.79. The stock’s fifty day moving average is $103.71 and its 200 day moving average is $97.91. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.55 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is currently 24.84%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. Barclays increased their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Argus boosted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.