KKR & Co. Inc. (NYSE:KKR) Stock Position Lifted by Virtu Financial LLC

Virtu Financial LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 115.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,567 shares of the asset manager’s stock after acquiring an additional 9,969 shares during the quarter. Virtu Financial LLC’s holdings in KKR & Co. Inc. were worth $1,954,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its holdings in KKR & Co. Inc. by 679.9% in the second quarter. Citizens Financial Group Inc. RI now owns 23,973 shares of the asset manager’s stock worth $2,523,000 after purchasing an additional 20,899 shares during the period. One Capital Management LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $715,000. Dimensional Fund Advisors LP boosted its holdings in shares of KKR & Co. Inc. by 30.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager’s stock valued at $163,487,000 after buying an additional 364,141 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after buying an additional 996,871 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in KKR & Co. Inc. by 6.7% during the second quarter. Rathbones Group PLC now owns 28,825 shares of the asset manager’s stock worth $3,034,000 after acquiring an additional 1,810 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KKR shares. Evercore ISI lifted their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. TD Cowen increased their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. in a report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

KKR & Co. Inc. Stock Up 1.1 %

KKR & Co. Inc. stock opened at $127.99 on Wednesday. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The stock has a market cap of $113.58 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 0.99 and a beta of 1.62. The company’s 50-day moving average price is $117.53 and its two-hundred day moving average price is $107.18. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.58 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.