Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in KKR & Co. Inc. $KKR

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in KKR & Co. Inc. (NYSE:KKR) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,313,857 shares of the asset manager’s stock after acquiring an additional 65,178 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $170,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in KKR & Co. Inc. in the 4th quarter worth $218,000. Sivia Capital Partners LLC lifted its stake in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 237 shares during the last quarter. United Bank bought a new stake in KKR & Co. Inc. in the 2nd quarter worth $769,000. Finally, Ashton Thomas Private Wealth LLC raised its position in KKR & Co. Inc. by 127.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,779 shares of the asset manager’s stock valued at $636,000 after purchasing an additional 2,678 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matt Cohler acquired 43,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the acquisition, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. The trade was a 2,733.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 343,872 shares of company stock valued at $35,367,179. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KKR. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Barclays cut their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a research note on Tuesday. They set an “outperform” rating and a $137.00 price target on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.40.

KKR & Co. Inc. Stock Down 3.2%

Shares of KKR stock opened at $93.52 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The company has a market cap of $83.36 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.99. The stock’s fifty day moving average price is $117.89 and its 200 day moving average price is $125.99.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. KKR & Co. Inc.’s quarterly revenue was up 76.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. On average, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.