Caxton Associates LLP Purchases Shares of 12,917 KKR & Co. Inc. $KKR

Caxton Associates LLP purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,917 shares of the asset manager’s stock, valued at approximately $1,493,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KKR. Brighton Jones LLC increased its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $218,000. CoreCap Advisors LLC increased its stake in shares of KKR & Co. Inc. by 160.1% during the 4th quarter. CoreCap Advisors LLC now owns 489 shares of the asset manager’s stock worth $72,000 after purchasing an additional 301 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $715,000. Finally, Gotham Asset Management LLC increased its stake in shares of KKR & Co. Inc. by 1.0% during the 4th quarter. Gotham Asset Management LLC now owns 44,654 shares of the asset manager’s stock worth $6,605,000 after purchasing an additional 435 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $137.29 on Wednesday. The company has a market capitalization of $122.32 billion, a price-to-earnings ratio of 63.86, a PEG ratio of 1.53 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50-day simple moving average of $142.11 and a 200 day simple moving average of $126.10. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $1.09 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is presently 34.42%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KKR. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $158.07.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were 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 owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

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.