Drake & Associates LLC Takes Position in KKR & Co. Inc. $KKR

Drake & Associates LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, HoldingsChannel reports. The firm purchased 5,251 shares of the asset manager’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI grew its position in shares of KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after buying an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after acquiring an additional 2,006 shares during the last quarter. CWM LLC increased its position in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after purchasing an additional 398 shares during the period. Western Financial Corp CA bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $739,000. Finally, Ground Swell Capital LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $463,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KKR & Co. Inc. 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 sale, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. Barclays raised their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Stock Down 0.7%

Shares of NYSE KKR opened at $126.79 on Tuesday. 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 50-day moving average price of $140.45 and a 200-day moving average price of $128.58. The stock has a market capitalization of $112.96 billion, a P/E ratio of 58.97, a P/E/G ratio of 1.40 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating 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 business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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