Kovitz Investment Group Partners LLC Has $5.44 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Kovitz Investment Group Partners LLC increased its stake in KKR & Co. Inc. by 53.6% in the first quarter, resulting in holdings worth $5.44 million as of its latest SEC filing.
• KKR has received upgraded price targets from several analysts, with Keefe, Bruyette & Woods setting a new target of $162.00 and a general consensus indicating a rating of "Moderate Buy".
• The company recently announced an increase in its quarterly dividend to $0.185, reflecting a positive change from the previous amount and a dividend yield of 0.5%.

Kovitz Investment Group Partners LLC boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 53.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 47,023 shares of the asset manager's stock after purchasing an additional 16,401 shares during the period. Kovitz Investment Group Partners LLC's holdings in KKR & Co. Inc. were worth $5,436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% in the fourth 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 last quarter. CreativeOne Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $285,000. Evergreen Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 5.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,577 shares of the asset manager's stock worth $529,000 after buying an additional 179 shares during the last quarter. NewEdge Advisors LLC boosted its stake in KKR & Co. Inc. by 16.2% in the 4th quarter. NewEdge Advisors LLC now owns 55,829 shares of the asset manager's stock valued at $8,258,000 after purchasing an additional 7,802 shares during the period. Finally, Farringdon Capital Ltd. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $243,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR traded down $0.3970 on Thursday, reaching $137.6930. The stock had a trading volume of 1,559,782 shares, compared to its average volume of 4,837,484. The firm has a 50-day moving average of $138.69 and a 200-day moving average of $126.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $122.68 billion, a price-to-earnings ratio of 64.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted 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 6.30%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.09 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a $0.185 dividend. This is a positive change 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 payout ratio is presently 34.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer increased their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.73.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 in the last ninety days. Insiders own 39.34% of the company's stock.

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.