Credit Agricole S A Raises Stock Holdings in KKR & Co. Inc. $KKR

Credit Agricole S A increased its position in KKR & Co. Inc. (NYSE:KKR) by 271.6% in the first quarter, HoldingsChannel.com reports. The fund owned 898,483 shares of the asset manager’s stock after buying an additional 656,706 shares during the period. Credit Agricole S A’s holdings in KKR & Co. Inc. were worth $103,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors raised its stake in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after acquiring an additional 90 shares during the last quarter. First Bank & Trust grew its position in KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock worth $858,000 after purchasing an additional 98 shares during the period. LRI Investments LLC grew its position in KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager’s stock worth $164,000 after purchasing an additional 100 shares during the period. MGB Wealth Management LLC grew its position in KKR & Co. Inc. by 1.8% during the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager’s stock worth $672,000 after purchasing an additional 100 shares during the period. Finally, Manchester Capital Management LLC grew its position in KKR & Co. Inc. by 2.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager’s stock worth $535,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.8%

Shares of KKR & Co. Inc. stock opened at $141.09 on Tuesday. The firm has a market capitalization of $125.70 billion, a PE ratio of 65.62, a P/E/G ratio of 1.53 and a beta of 1.87. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm’s 50-day moving average price is $138.16 and its 200 day moving average price is $126.61. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the company posted $1.09 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be paid a $0.185 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman directly owned 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy R. Barakett purchased 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the purchase, the director directly owned 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KKR shares. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Evercore ISI increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Citigroup increased their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $157.73.

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.