Asahi Life Asset Management CO. LTD. Purchases Shares of 3,850 KKR & Co. Inc. (NYSE:KKR)

Asahi Life Asset Management CO. LTD. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,850 shares of the asset manager’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. boosted its holdings in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares during the period. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Finally, Eastern Bank bought a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $34,000. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KKR. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JMP Securities raised their price objective on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.29.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased 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 owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 0.7 %

Shares of NYSE:KKR traded up $0.93 during trading on Monday, reaching $140.81. The stock had a trading volume of 362,157 shares, compared to its average volume of 4,340,043. The stock has a market cap of $124.96 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.20 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $54.14 and a 52 week high of $147.15. The firm’s fifty day moving average is $128.49 and its 200 day moving average is $114.20.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter last year, the firm posted $0.73 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 16.51%.

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.