KKR & Co. Inc. $KKR Stock Holdings Lifted by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in KKR & Co. Inc. by 0.5%, holding 850,016 shares valued at approximately $98.27 million.
• Chairman George R. Roberts sold over 809,000 shares of KKR for over $116 million, resulting in a 0.99% decrease in his ownership.
• KKR recently announced an increase in its quarterly dividend to $0.185 per share, reflecting a 0.5% dividend yield on an annual basis.

Alliancebernstein L.P. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 850,016 shares of the asset manager's stock after acquiring an additional 4,380 shares during the period. Alliancebernstein L.P. owned 0.10% of KKR & Co. Inc. worth $98,270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $50,199,000. National Bank of Canada FI boosted its position in shares of KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after buying an additional 237,987 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of KKR & Co. Inc. by 39.6% during the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after buying an additional 2,006 shares during the period. Finally, CWM LLC boosted its position in shares of KKR & Co. Inc. by 4.6% during the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after buying an additional 398 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.1%

Shares of KKR stock traded up $1.57 during trading hours on Wednesday, reaching $138.96. 1,463,304 shares of the stock traded hands, compared to its average volume of 4,696,764. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The business has a fifty day moving average price of $142.11 and a 200 day moving average price of $126.10. 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 firm has a market capitalization of $123.81 billion, a PE ratio of 64.62, a PEG ratio of 1.53 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during 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 quarter last year, the business posted $1.09 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.185 per share. 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 dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Insider Buying and Selling

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 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 in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their price objective 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. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Evercore ISI boosted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, JMP Securities reaffirmed a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Company 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.