Brookwood Investment Group LLC Makes New $310,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Brookwood Investment Group LLC has acquired a new position in KKR & Co. Inc., purchasing 2,685 shares valued at approximately $310,000.
• KKR & Co. Inc. recently announced a dividend increase from $0.17 to $0.185 per share, reflecting a dividend yield of 0.64%.
• In June, KKR's Chairman George R. Roberts sold over 1.19 million shares at an average price of $119.80, indicating a 1.43% decrease in his position.

Brookwood Investment Group LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,685 shares of the asset manager's stock, valued at approximately $310,000.

A number of other large investors have also modified their holdings of KKR. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $34,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at about $38,000. Finally, GW&K Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director directly owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last three months. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.9%

Shares of NYSE KKR traded down $1.37 during trading on Tuesday, reaching $150.78. The stock had a trading volume of 1,246,398 shares, compared to its average volume of 5,015,618. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. 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 business's 50-day moving average price is $130.88 and its 200-day moving average price is $128.09. The company has a market cap of $134.29 billion, a P/E ratio of 63.60, a PEG ratio of 1.69 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. On average, equities research 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 announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. The ex-dividend date was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Oppenheimer increased their price target 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. 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. Finally, Bank of America lowered their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $154.33.

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.