Jump Financial LLC Has $5.46 Million Stake in KKR & Co. Inc. $KKR

Key Points

• Jump Financial LLC significantly increased its stake in KKR & Co. Inc., raising its holdings by 1,678% to a total worth of $5.46 million.
• Chairman George R. Roberts and Chairman Henry R. Kravis recently sold over 2.3 million shares of KKR stock in total, decreasing their ownership by about 1.43% and 1.55% respectively.
• KKR has announced a quarterly dividend increase to $0.185 per share, reflecting a 0.5% annual yield, and the company's earnings results exceeded expectations with an EPS of $1.18.

Jump Financial LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1,678.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 47,260 shares of the asset manager's stock after purchasing an additional 44,602 shares during the quarter. Jump Financial LLC's holdings in KKR & Co. Inc. were worth $5,464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after purchasing an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA increased its holdings 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 during the period. Nuveen LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $844,137,000. Nuveen Asset Management LLC increased its holdings in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of KKR & Co. Inc. by 10.8% during the 4th quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after purchasing an additional 600,696 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction dated 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 transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research report on Wednesday, July 9th. Citigroup lifted their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, JMP Securities reiterated a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.48 on Friday, reaching $139.61. The stock had a trading volume of 2,421,632 shares, compared to its average volume of 3,179,577. The company has a market capitalization of $124.38 billion, a P/E ratio of 64.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $141.10 and a 200-day moving average price of $126.14.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly 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. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the business earned $1.09 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

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.