38,269 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,269 shares of the asset manager’s stock, valued at approximately $4,027,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth $649,798,000. Winslow Capital Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $344,354,000. GQG Partners LLC acquired a new position in KKR & Co. Inc. during the first quarter worth $217,004,000. Finally, Vanguard Group Inc. increased its position in KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after buying an additional 1,728,782 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KKR shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Barclays raised their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Citigroup lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, JMP Securities lifted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.77.

KKR & Co. Inc. Stock Down 0.8 %

Shares of KKR traded down $0.89 during midday trading on Monday, reaching $112.81. 787,784 shares of the company were exchanged, compared to its average volume of 4,920,152. The stock has a 50-day moving average price of $110.18 and a 200-day moving average price of $102.09. The company has a market cap of $100.11 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS 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 company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Research analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company 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.