Cetera Investment Advisers Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Cetera Investment Advisers boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,098 shares of the asset manager's stock after purchasing an additional 6,382 shares during the quarter. Cetera Investment Advisers' holdings in KKR & Co. Inc. were worth $15,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KKR. Brighton Jones LLC increased its position in KKR & Co. Inc. by 109.6% during 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 in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $67,000. Blair William & Co. IL increased its holdings in shares of KKR & Co. Inc. by 8.9% during the fourth quarter. Blair William & Co. IL now owns 28,132 shares of the asset manager's stock valued at $4,161,000 after acquiring an additional 2,309 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of KKR & Co. Inc. by 22.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the asset manager's stock valued at $237,000 after acquiring an additional 288 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of KKR & Co. Inc. by 104.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 56,423 shares of the asset manager's stock worth $8,346,000 after purchasing an additional 28,862 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling

In related news, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction 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 acquisition, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 in the last quarter. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of analyst reports. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Finally, Citigroup lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $154.33.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $6.35 during trading on Friday, hitting $140.23. The company's stock had a trading volume of 2,458,013 shares, compared to its average volume of 4,998,512. 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 firm has a market cap of $124.89 billion, a price-to-earnings ratio of 59.27, a P/E/G ratio of 1.67 and a beta of 1.88. The company has a 50-day moving average of $132.64 and a 200-day moving average of $128.44. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.09 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

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.