Assenagon Asset Management S.A. Has $72.20 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Assenagon Asset Management S.A. grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 3,757.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 552,907 shares of the asset manager’s stock after purchasing an additional 538,573 shares during the quarter. Assenagon Asset Management S.A.’s holdings in KKR & Co. Inc. were worth $72,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Jackson Wealth Management LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at $304,000. CENTRAL TRUST Co grew its holdings in KKR & Co. Inc. by 227.0% during the 3rd quarter. CENTRAL TRUST Co now owns 726 shares of the asset manager’s stock valued at $95,000 after buying an additional 504 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of KKR & Co. Inc. by 11,197.2% during the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after purchasing an additional 339,946 shares in the last quarter. Greenleaf Trust increased its position in shares of KKR & Co. Inc. by 47.1% in the third quarter. Greenleaf Trust now owns 5,693 shares of the asset manager’s stock worth $743,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $335,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KKR. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Oppenheimer lifted their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. One 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 company has a consensus rating of “Moderate Buy” and an average target price of $144.43.

Insider Activity

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

KKR & Co. Inc. Trading Up 3.6 %

Shares of KKR stock traded up $4.94 during mid-day trading on Thursday, reaching $143.49. The company’s stock had a trading volume of 2,636,612 shares, compared to its average volume of 4,358,172. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $147.07. The company’s 50 day simple moving average is $127.61 and its 200-day simple moving average is $113.53. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $127.33 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.58 earnings per share. On average, research analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

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.