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Deutsche Bank AG Has $193.96 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. logo with Finance background

Key Points

  • Deutsche Bank AG has reduced its stake in KKR & Co. Inc. by 10.7%, now holding approximately 1.68 million shares valued at about $194 million.
  • KKR recently increased its quarterly dividend to $0.185 per share, representing a 0.5% dividend yield, up from the previous $0.18.
  • Several analysts have mixed views on KKR, with thirteen analysts rating it as a buy and others downgrading it; the average rating remains a "Moderate Buy" with a target price of $157.73.
  • Want stock alerts on KKR & Co. Inc.? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Deutsche Bank AG trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,677,745 shares of the asset manager's stock after selling 201,813 shares during the period. Deutsche Bank AG owned approximately 0.19% of KKR & Co. Inc. worth $193,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the period. FIL Ltd lifted its stake in shares of KKR & Co. Inc. by 36.0% in the fourth quarter. FIL Ltd now owns 34,361 shares of the asset manager's stock worth $5,082,000 after acquiring an additional 9,087 shares in the last quarter. Advisory Services Network LLC lifted its holdings in KKR & Co. Inc. by 28.3% during the 4th quarter. Advisory Services Network LLC now owns 15,331 shares of the asset manager's stock worth $2,268,000 after buying an additional 3,382 shares during the last quarter. Scotia Capital Inc. boosted its position in KKR & Co. Inc. by 595.8% during the 4th quarter. Scotia Capital Inc. now owns 14,077 shares of the asset manager's stock valued at $2,082,000 after purchasing an additional 12,054 shares during the period. Finally, Argent Trust Co raised its stake in KKR & Co. Inc. by 6.1% during the 4th quarter. Argent Trust Co now owns 3,488 shares of the asset manager's stock valued at $516,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods boosted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. JMP Securities restated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.73.

Get Our Latest Stock Analysis on KKR

KKR & Co. Inc. Stock Down 0.7%

Shares of NYSE:KKR traded down $1.06 during mid-day trading on Monday, reaching $141.61. 1,818,626 shares of the stock were exchanged, compared to its average volume of 4,943,346. The stock's 50 day simple moving average is $135.84 and its 200-day simple moving average is $127.34. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $126.12 billion, a P/E ratio of 65.86, a P/E/G ratio of 1.54 and a beta of 1.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

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, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS 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. Investors of record on Monday, August 11th will be given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, for a total transaction 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. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,281,394 shares of company stock valued at $413,158,033. Insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

(Free Report)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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