Concurrent Investment Advisors LLC Has $853,000 Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Concurrent Investment Advisors LLC reduced its holdings in KKR & Co. Inc. by 36.4%, owning 6,414 shares valued at $853,000 as of the latest SEC filing.
• In the first quarter, multiple large investors significantly increased their stakes in KKR, including Jennison Associates LLC, which boosted its holding by 4,918.6% to nearly 4.4 million shares.
• KKR & Co. Inc. announced a quarterly dividend increase from $0.18 to $0.185 per share, representing an annualized yield of 0.6% with a payout ratio of 34.42%.

Concurrent Investment Advisors LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,414 shares of the asset manager's stock after selling 3,675 shares during the period. Concurrent Investment Advisors LLC's holdings in KKR & Co. Inc. were worth $853,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in KKR & Co. Inc. in the first quarter valued at $844,137,000. Jennison Associates LLC boosted its stake in shares of KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares in the last quarter. Amundi grew its holdings in shares of KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Finally, Unisphere Establishment lifted its holdings in KKR & Co. Inc. by 1,594.5% during the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager's stock valued at $145,946,000 after purchasing an additional 1,187,900 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were 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 of the company's stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

KKR has been the topic of several research analyst reports. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JMP Securities restated a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an "outperform" rating and a $148.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $156.20.

KKR & Co. Inc. Stock Down 5.6%

NYSE:KKR opened at $117.54 on Friday. The stock's fifty day moving average price is $136.73 and its two-hundred day moving average price is $128.65. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-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 company has a market cap of $104.72 billion, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.40 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the firm earned $1.09 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.6%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.