Healthcare of Ontario Pension Plan Trust Fund Acquires New Stake in KKR & Co. Inc. (NYSE:KKR)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,000 shares of the asset manager’s stock, valued at approximately $2,514,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares during the last quarter. Riverview Trust Co acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co lifted its position in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $41,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $116.72 on Friday. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $119.86. The stock’s 50 day moving average is $108.05 and its 200-day moving average is $99.37. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $103.58 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.03 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. Sell-side analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Jefferies Financial Group lowered their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Evercore ISI upped their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Barclays raised their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.20.

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.