KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 13.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,400 shares of the asset manager’s stock after buying an additional 400 shares during the quarter. Cadent Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC grew its stake in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the period. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $218,918,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares of the company’s stock, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last three months. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KKR. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Citigroup reduced their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Buy” and an average target price of $149.43.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $121.04 on Wednesday. The stock has a market capitalization of $107.80 billion, a P/E ratio of 51.07, a PEG ratio of 1.37 and a beta of 1.89. The business has a 50 day simple moving average of $116.58 and a two-hundred day simple moving average of $131.00. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

The firm also recently announced 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 of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is presently 31.22%.

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.