KKR & Co. Inc. (NYSE:KKR) Shares Bought by Haverford Trust Co

Haverford Trust Co grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 19.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,874 shares of the asset manager’s stock after acquiring an additional 473 shares during the quarter. Haverford Trust Co’s holdings in KKR & Co. Inc. were worth $375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 6.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Capital World Investors grew its position in shares of KKR & Co. Inc. by 7.4% in the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after buying an additional 1,139,784 shares during the last quarter. Legal & General Group Plc raised its stake in KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after acquiring an additional 323,189 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in KKR & Co. Inc. by 3.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock valued at $380,442,000 after acquiring an additional 127,726 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KKR shares. HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 25th. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.93.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $150.52 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $65.91 and a 1-year high of $156.54. The firm has a 50-day moving average of $134.84 and a two-hundred day moving average of $118.56. The stock has a market cap of $133.70 billion, a P/E ratio of 45.75, a PEG ratio of 1.24 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share 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 during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, research analysts expect that KKR & Co. Inc. will post 4.12 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. 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 dated Wednesday, September 11th. The shares were acquired at an average cost 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. The trade was 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.

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.