Nomura Asset Management Co. Ltd. Boosts Stake in KKR & Co. Inc. (NYSE:KKR)

Nomura Asset Management Co. Ltd. grew its position in KKR & Co. Inc. (NYSE:KKR) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,226 shares of the asset manager’s stock after purchasing an additional 8,678 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $29,932,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Dudley Capital Management LLC increased its position in shares of KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after acquiring an additional 80 shares in the last quarter. FWG Holdings LLC raised its position in KKR & Co. Inc. by 1.6% in the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after purchasing an additional 80 shares during the period. Sigma Planning Corp lifted its stake in shares of KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after purchasing an additional 81 shares in the last quarter. Connable Office Inc. boosted its position in shares of KKR & Co. Inc. by 0.4% in the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock worth $2,522,000 after buying an additional 82 shares during the period. Finally, OLD National Bancorp IN grew its stake in shares of KKR & Co. Inc. by 1.3% in the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 $650,470,003.25. This represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several recent research reports. Morgan Stanley boosted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. HSBC began coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.50.

KKR & Co. Inc. Trading Down 0.3 %

KKR & Co. Inc. stock opened at $151.87 on Wednesday. The company has a market cap of $134.90 billion, a P/E ratio of 46.16, a PEG ratio of 1.25 and a beta of 1.63. The firm’s 50-day moving average is $145.78 and its 200-day moving average is $125.75. KKR & Co. Inc. has a 1 year low of $76.60 and a 1 year high of $163.68. 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. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the business earned $0.73 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

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.