Vident Advisory LLC Grows Stake in KKR & Co. Inc. $KKR

Key Points

• Vident Advisory LLC increased its stake in KKR & Co. Inc. by 6.7%, now holding 350,587 shares worth approximately $40.5 million.
• Analysts have raised their price targets for KKR shares, with Evercore ISI setting a new target of $150, while Wells Fargo lifted its target to $156, indicating a positive outlook.
• Chairman George R. Roberts sold over 809,000 shares of KKR stock worth around $116.8 million in August, representing a slight decrease in his overall holdings.

Vident Advisory LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,587 shares of the asset manager's stock after buying an additional 22,141 shares during the period. Vident Advisory LLC's holdings in KKR & Co. Inc. were worth $40,532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% in 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 during the period. AQR Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 4.5% in the 4th quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager's stock worth $7,608,000 after acquiring an additional 2,221 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 2,188.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 73,955 shares of the asset manager's stock worth $10,939,000 after acquiring an additional 70,724 shares during the period. Voleon Capital Management LP bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $514,000. Finally, Becker Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $210,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded down $4.55 during midday trading on Wednesday, reaching $134.19. The company had a trading volume of 1,228,003 shares, compared to its average volume of 4,743,124. 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 business has a 50-day moving average of $141.67 and a two-hundred day moving average of $126.13. The company has a market cap of $119.56 billion, a P/E ratio of 62.50, a P/E/G 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 issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The business 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 quarter in the prior year, the business posted $1.09 earnings per share. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. 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 0.6%. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. JMP Securities restated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Barclays raised their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

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.