KKR & Co. Inc. (NYSE:KKR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,181 shares of the asset manager’s stock after purchasing an additional 2,835 shares during the period. Victory Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $30,579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd lifted its position in KKR & Co. Inc. by 309.8% during the 1st quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock worth $147,000 after acquiring an additional 1,106 shares during the period. Trustmark National Bank Trust Department purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $303,000. Bahl & Gaynor Inc. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $201,000. O Shaughnessy Asset Management LLC boosted its position in KKR & Co. Inc. by 30.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock worth $1,516,000 after acquiring an additional 3,502 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in shares of KKR & Co. Inc. by 3,152.3% in the first quarter. UniSuper Management Pty Ltd now owns 143,100 shares of the asset manager’s stock valued at $14,393,000 after purchasing an additional 138,700 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $150.02 on Friday. The company has a market capitalization of $133.25 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. The firm’s 50 day moving average is $136.16 and its 200-day moving average is $119.17. 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. has a 12-month low of $65.91 and a 12-month high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer upped their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.93.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.