Cross Staff Investments Inc Acquires 250 Shares of KKR & Co. Inc. $KKR

Cross Staff Investments Inc increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,457 shares of the asset manager’s stock after purchasing an additional 250 shares during the quarter. KKR & Co. Inc. accounts for 1.6% of Cross Staff Investments Inc’s portfolio, making the stock its 13th biggest holding. Cross Staff Investments Inc’s holdings in KKR & Co. Inc. were worth $2,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock valued at $6,654,245,000 after purchasing an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 14.3% during 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 purchasing an additional 2,391,434 shares in the last quarter. Nuveen LLC bought a new position in shares of KKR & Co. Inc. during the first quarter valued at $844,137,000. Amundi lifted its holdings in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after purchasing an additional 4,306,290 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $117.88 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market capitalization of $105.03 billion, a P/E ratio of 54.83, a PEG ratio of 1.35 and a beta of 1.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $138.46 and a 200-day moving average price of $128.50.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS 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 quarter last year, the company earned $1.09 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is 34.42%.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KKR shares. Citigroup upped their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 1st. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price on the stock. in a report on Wednesday, July 9th. Oppenheimer raised their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Evercore ISI upped 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 report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $157.40.

About KKR & Co. Inc.

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.