DRW Securities LLC Boosts Holdings in KKR & Co. Inc. $KKR

Key Points

• DRW Securities LLC increased its stake in KKR & Co. Inc. by 35.1% during the 1st quarter, owning a total of 22,625 shares valued at approximately $2.6 million after purchasing 5,878 shares.
• Insiders sold over 3.28 million shares in the last ninety days, with Chairman George R. Roberts and Henry R. Kravis each selling over 1.15 million shares, indicating a decrease in their ownership.
• KKR recently announced a quarterly dividend increase to $0.185 per share, leading to an annualized yield of 0.5%, contributing to a dividend payout ratio of 34.42%.

DRW Securities LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 35.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,625 shares of the asset manager's stock after buying an additional 5,878 shares during the period. DRW Securities LLC's holdings in KKR & Co. Inc. were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KKR. Nuveen LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter worth about $844,137,000. Jennison Associates LLC grew its position 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 buying an additional 4,306,290 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after buying an additional 3,391,581 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after buying an additional 1,145,158 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $4.14 during trading on Wednesday, hitting $134.60. 3,812,613 shares of the company were exchanged, compared to its average volume of 2,812,390. The firm's fifty day moving average price is $141.78 and its 200 day moving average price is $126.19. 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 cap of $119.92 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.54 and a beta of 1.93. 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 data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm 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 fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI raised their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Barclays raised their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Oppenheimer upped their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 39.34% of the stock is owned by insiders.

About KKR & Co. Inc.

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.