Massachusetts Financial Services Co. MA Has $1.76 Billion Position in KKR & Co. Inc. (NYSE:KKR)

Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. (NYSE:KKR) by 6.4% during the second quarter, HoldingsChannel.com reports. The fund owned 16,684,133 shares of the asset manager’s stock after purchasing an additional 996,871 shares during the period. Massachusetts Financial Services Co. MA’s holdings in KKR & Co. Inc. were worth $1,755,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Versant Capital Management Inc raised its holdings in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. lifted its holdings in KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. during the first quarter worth about $27,000. American National Bank grew its stake in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in shares of KKR & Co. Inc. in the second quarter worth about $38,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KKR. Evercore ISI boosted their price objective on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Thursday. Wells Fargo & Company started coverage on KKR & Co. Inc. in a research report on Thursday. They set an “equal weight” rating and a $130.00 price objective for the company. Finally, Oppenheimer lifted their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.86.

KKR & Co. Inc. Stock Up 2.0 %

KKR & Co. Inc. stock opened at $122.80 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50-day moving average is $116.66 and its 200-day moving average is $106.78. The firm has a market capitalization of $108.98 billion, a PE ratio of 27.53, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.