Natixis Advisors LLC Buys 71,217 Shares of KKR & Co. Inc. (NYSE:KKR)

Natixis Advisors LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 571,089 shares of the asset manager’s stock after purchasing an additional 71,217 shares during the quarter. Natixis Advisors LLC owned 0.06% of KKR & Co. Inc. worth $74,573,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GQG Partners LLC bought a new stake in KKR & Co. Inc. during the first quarter worth about $217,004,000. Canada Pension Plan Investment Board boosted its position in shares of KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp increased its stake in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after acquiring an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. acquired a new position in KKR & Co. Inc. during the second quarter valued at approximately $154,468,000. Finally, Capital World Investors lifted its stake in KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.3 %

Shares of NYSE KKR opened at $150.02 on Friday. The company’s 50 day moving average price is $136.16 and its 200-day moving average price is $119.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $65.91 and a 52-week high of $156.54. The company has a market capitalization of $133.25 billion, a P/E ratio of 45.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued 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 net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling at KKR & Co. Inc.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KKR shares. Barclays boosted their price target on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Citigroup increased their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.93.

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.