KKR & Co. Inc. (NYSE:KKR) Stock Position Lessened by TD Asset Management Inc

TD Asset Management Inc decreased its position in KKR & Co. Inc. (NYSE:KKR) by 4.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 293,198 shares of the asset manager’s stock after selling 14,686 shares during the period. TD Asset Management Inc’s holdings in KKR & Co. Inc. were worth $33,897,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KKR. Jennison Associates LLC lifted its holdings in shares of KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after buying an additional 4,306,290 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after buying an additional 3,391,581 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after buying an additional 2,391,434 shares during the period. GAMMA Investing LLC lifted its holdings in shares of KKR & Co. Inc. by 10,808.5% in the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager’s stock valued at $133,617,000 after buying an additional 1,145,158 shares during the period. Finally, FMR LLC lifted its holdings in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after buying an additional 752,056 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KKR. Barclays upped their price objective on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Citigroup lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 14th. Finally, Oppenheimer increased their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $154.33.

KKR & Co. Inc. Stock Up 0.0%

KKR opened at $152.19 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a 50-day moving average of $130.88 and a 200-day moving average of $128.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $135.55 billion, a PE ratio of 64.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $0.97 EPS. The business’s quarterly revenue was down 67.8% on a year-over-year basis. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director owned 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman directly owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.