abrdn plc Acquires 134,003 Shares of KKR & Co. Inc. (NYSE:KKR)

abrdn plc grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 83.9% in the 4th quarter, Holdings Channel reports. The fund owned 293,690 shares of the asset manager’s stock after purchasing an additional 134,003 shares during the quarter. abrdn plc’s holdings in KKR & Co. Inc. were worth $24,332,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KKR. Wellington Management Group LLP increased its holdings in shares of KKR & Co. Inc. by 297.0% in the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after acquiring an additional 3,794,837 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $14,838,000. Factory Mutual Insurance Co. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $14,084,000. Finally, Federated Hermes Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $9,744,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KKR has been the subject of several recent analyst reports. Barclays increased their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen upped their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, JMP Securities upped their price objective 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 analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.64.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $98.00 on Wednesday. The stock has a 50 day moving average price of $97.59 and a 200 day moving average price of $82.71. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $86.73 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $995.64 million. Analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. KKR & Co. Inc.’s payout ratio is 16.18%.

Insider Activity

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

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.