Atom Investors LP Takes $1.37 Million Position in KKR & Co. Inc. (NYSE:KKR)

Atom Investors LP bought a new position in KKR & Co. Inc. (NYSE:KKR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 10,471 shares of the asset manager’s stock, valued at approximately $1,367,000.

Several other hedge funds have also added to or reduced their stakes in KKR. Canada Pension Plan Investment Board grew its stake in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after buying an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp increased its stake in KKR & Co. Inc. by 64.7% in the 2nd 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 period. APG Asset Management N.V. purchased a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $154,468,000. Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. by 6.4% in the second 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 purchasing an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of KKR & Co. Inc. by 315.6% during the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after purchasing an additional 895,891 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KKR shares. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, HSBC initiated coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Trading Down 2.0 %

NYSE KKR opened at $159.65 on Tuesday. The firm has a market capitalization of $141.81 billion, a PE ratio of 48.53, a P/E/G ratio of 1.29 and a beta of 1.63. The stock’s 50 day moving average is $143.29 and its 200 day moving average is $123.93. KKR & Co. Inc. has a twelve month low of $73.04 and a twelve month high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

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, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the firm earned $0.73 EPS. Research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. KKR & Co. Inc.’s payout ratio is currently 21.28%.

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.