Atlas Capital Advisors Inc. Decreases Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Atlas Capital Advisors Inc. significantly reduced its holdings in KKR & Co. Inc. by 89.2%, ending the quarter with a value of $185,000 after selling 13,203 shares.
• Major institutional investors, including Jennison Associates LLC and Massachusetts Financial Services Co., increased their stakes in KKR, contributing to 76.26% of the stock being owned by such entities.
• KKR & Co. Inc. announced an increase in its quarterly dividend to $0.185 per share, reflecting a positive yet modest annual yield of 0.5%.

Atlas Capital Advisors Inc. decreased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 89.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,596 shares of the asset manager's stock after selling 13,203 shares during the period. Atlas Capital Advisors Inc.'s holdings in KKR & Co. Inc. were worth $185,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the first quarter worth approximately $38,000. GW&K Investment Management LLC increased its position in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Oppenheimer boosted their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. JMP Securities reissued a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Barclays boosted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $157.73.

KKR & Co. Inc. Price Performance

KKR traded down $1.27 during trading on Thursday, reaching $146.19. 2,643,789 shares of the stock were exchanged, compared to its average volume of 4,904,380. The business's 50 day moving average price is $136.91 and its two-hundred day moving average price is $127.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $130.25 billion, a price-to-earnings ratio of 68.00, a P/E/G ratio of 1.59 and a beta of 1.87. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is 34.42%.

Insider Transactions at KKR & Co. Inc.

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

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.