Dimensional Fund Advisors LP Boosts Position in KKR & Co. Inc. $KKR

Dimensional Fund Advisors LP lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,566,546 shares of the asset manager’s stock after purchasing an additional 16,834 shares during the quarter. Dimensional Fund Advisors LP’s holdings in KKR & Co. Inc. were worth $181,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the period. First Trust Advisors LP grew its stake in shares of KKR & Co. Inc. by 35.1% during the 4th quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager’s stock worth $59,317,000 after purchasing an additional 104,274 shares during the period. MML Investors Services LLC grew its stake in shares of KKR & Co. Inc. by 29.5% during the 4th quarter. MML Investors Services LLC now owns 91,195 shares of the asset manager’s stock worth $13,489,000 after purchasing an additional 20,782 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $13,998,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of KKR & Co. Inc. by 16.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 30,769 shares of the asset manager’s stock worth $4,555,000 after purchasing an additional 4,331 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KKR. JMP Securities reaffirmed a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Citigroup lifted their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $157.73.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock valued at $413,158,033 in the last 90 days. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $138.8340 on Wednesday. The company’s fifty day moving average price is $138.45 and its 200 day moving average price is $126.70. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market capitalization of $123.69 billion, a P/E ratio of 64.57, a P/E/G ratio of 1.52 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

KKR & Co. Inc. 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.