Signaturefd LLC Purchases 309 Shares of KKR & Co. Inc. $KKR

Signaturefd LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,229 shares of the asset manager’s stock after purchasing an additional 309 shares during the quarter. Signaturefd LLC’s holdings in KKR & Co. Inc. were worth $1,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Saudi Central Bank bought a new position in KKR & Co. Inc. in the first quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. in the first quarter worth approximately $38,000. GW&K Investment Management LLC grew its stake in KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares in the last quarter. SouthState Corp bought a new position in KKR & Co. Inc. in the first quarter worth approximately $44,000. Finally, Meeder Asset Management Inc. grew its stake in KKR & Co. Inc. by 112.9% in the first quarter. Meeder Asset Management Inc. now owns 396 shares of the asset manager’s stock worth $46,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KKR shares. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citigroup upped their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 1st. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, JMP Securities restated a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Stock Down 1.3%

Shares of KKR stock opened at $133.84 on Monday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock’s fifty day moving average price is $142.89 and its 200 day moving average price is $128.04. 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 cap of $119.24 billion, a price-to-earnings ratio of 62.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.93.

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

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 34.42%.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s 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 completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is owned by company insiders.

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.