Natixis Advisors L.P. Makes New $254,000 Investment in KKR & Co Inc (NYSE:KKR)

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Natixis Advisors L.P. purchased a new position in shares of KKR & Co Inc (NYSE:KKR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,052 shares of the asset manager’s stock, valued at approximately $254,000.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of KKR & Co Inc by 29.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock worth $52,000 after buying an additional 497 shares during the period. ETF Managers Group LLC lifted its position in KKR & Co Inc by 9.4% in the first quarter. ETF Managers Group LLC now owns 7,144 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 612 shares during the period. IFM Investors Pty Ltd lifted its position in KKR & Co Inc by 2.3% in the second quarter. IFM Investors Pty Ltd now owns 32,230 shares of the asset manager’s stock valued at $814,000 after purchasing an additional 728 shares during the period. Allen Investment Management LLC lifted its position in KKR & Co Inc by 1.5% in the first quarter. Allen Investment Management LLC now owns 50,471 shares of the asset manager’s stock valued at $1,186,000 after purchasing an additional 755 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in KKR & Co Inc by 3.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 20,490 shares of the asset manager’s stock valued at $517,000 after purchasing an additional 759 shares during the period. Institutional investors own 76.80% of the company’s stock.

KKR & Co Inc stock traded up $1.30 during mid-day trading on Thursday, reaching $29.30. The company had a trading volume of 2,433,899 shares, compared to its average volume of 2,623,076. KKR & Co Inc has a 1 year low of $18.30 and a 1 year high of $28.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $15.41 billion, a P/E ratio of 15.18, a P/E/G ratio of 8.19 and a beta of 1.66. The stock’s 50-day simple moving average is $25.85 and its 200-day simple moving average is $24.67.

KKR & Co Inc (NYSE:KKR) last issued its earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $445.34 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. On average, equities analysts forecast that KKR & Co Inc will post 1.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.71%. KKR & Co Inc’s dividend payout ratio (DPR) is presently 25.91%.

In related news, major shareholder Genetic Disorder L.P. Kkr bought 2,647,100 shares of the company’s stock in a transaction on Monday, July 1st. The stock was bought at an average cost of $17.00 per share, with a total value of $45,000,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.52, for a total transaction of $279,255,192.16. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the company a “buy” rating in a research report on Friday, July 26th. Goldman Sachs Group raised their price objective on shares of KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Barclays initiated coverage on shares of KKR & Co Inc in a research report on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Co raised their price objective on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. KKR & Co Inc has a consensus rating of “Hold” and a consensus price target of $30.03.

KKR & Co Inc Company Profile

KKR & Co L.P. 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.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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