Zurcher Kantonalbank Zurich Cantonalbank Raises Position in KKR & Co. Inc. (NYSE:KKR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KKR & Co. Inc. (NYSE:KKR) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,181 shares of the asset manager’s stock after purchasing an additional 15,476 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KKR & Co. Inc. were worth $18,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Blue Trust Inc. raised its stake in shares of KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Quarry LP increased its position in shares of KKR & Co. Inc. by 95.3% during the second quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 224 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $43,000. Finally, CVA Family Office LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $48,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $93.41 on Friday. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The business has a fifty day moving average price of $97.70 and a 200-day moving average price of $81.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $82.67 billion, a P/E ratio of 22.89, a PEG ratio of 0.87 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays increased their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. TD Cowen raised their target price on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.64.

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.