Allianz SE Grows Position in KKR & Co. Inc. $KKR

Allianz SE grew its position in KKR & Co. Inc. (NYSE:KKR) by 70.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,310 shares of the asset manager’s stock after purchasing an additional 6,350 shares during the period. Allianz SE’s holdings in KKR & Co. Inc. were worth $1,990,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KKR. ESL Trust Services LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at approximately $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth approximately $27,000. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth $28,000. Richardson Financial Services Inc. raised its stake in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Finally, Pineridge Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research reports. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a research report on Tuesday. They issued an “outperform” rating and a $137.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $152.40.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was purchased at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the acquisition, the director directly owned 235,000 shares in the company, valued at $24,658,550. This trade represents a 27.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Matt Cohler bought 43,872 shares of the stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 343,872 shares of company stock valued at $35,367,179. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 6.6%

NYSE:KKR opened at $87.43 on Friday. The company has a market capitalization of $77.93 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.99. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $153.87. The stock has a 50-day simple moving average of $117.03 and a 200 day simple moving average of $125.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 17th. 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.