Mizuho Securities USA LLC Has $5.71 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Mizuho Securities USA LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,733 shares of the asset manager’s stock after selling 7,586 shares during the quarter. Mizuho Securities USA LLC’s holdings in KKR & Co. Inc. were worth $5,711,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its stake in shares of KKR & Co. Inc. by 30.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock valued at $1,516,000 after acquiring an additional 3,502 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in KKR & Co. Inc. by 100.7% in the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock worth $2,017,000 after purchasing an additional 10,060 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of KKR & Co. Inc. by 164.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,074,078 shares of the asset manager’s stock worth $108,031,000 after purchasing an additional 667,260 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at $23,189,000. Finally, LRI Investments LLC bought a new position in shares of KKR & Co. Inc. in the first quarter valued at about $122,000. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KKR has been the topic of several research analyst reports. Citigroup increased their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Oppenheimer boosted their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays increased their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.14.

Insider Buying and Selling

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

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $157.67 on Friday. KKR & Co. Inc. has a twelve month low of $67.99 and a twelve month high of $158.46. The company has a 50-day simple moving average of $138.21 and a two-hundred day simple moving average of $120.54. The stock has a market capitalization of $140.05 billion, a price-to-earnings ratio of 47.92, a price-to-earnings-growth ratio of 1.21 and a beta of 1.61. 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 posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

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.