Lansforsakringar Fondforvaltning AB publ Lowers Stock Position in KKR & Co. Inc. $KKR

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in KKR & Co. Inc. by 4.4%, holding a total of $23.19 million worth of shares after selling 9,192 shares during the first quarter.
• KKR reported a quarterly earnings per share of $1.18, exceeding the consensus estimate of $1.14, with a revenue of $1.86 billion for the quarter.
• The company recently increased its quarterly dividend to $0.185 per share, reflecting a 0.5% yield and a payout ratio of 34.42%.

Lansforsakringar Fondforvaltning AB publ lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,591 shares of the asset manager's stock after selling 9,192 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in KKR & Co. Inc. were worth $23,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KKR. Brighton Jones LLC increased its stake in shares of 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 purchasing an additional 2,437 shares in the last quarter. AQR Capital Management LLC boosted its holdings in 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 buying an additional 2,221 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in KKR & Co. Inc. by 2,188.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 73,955 shares of the asset manager's stock worth $10,939,000 after buying an additional 70,724 shares in the last quarter. Voleon Capital Management LP purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $514,000. Finally, Becker Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $210,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Barclays increased 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 report on Monday, August 4th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Trading Down 0.3%

Shares of KKR stock traded down $0.48 on Monday, hitting $139.61. 2,421,632 shares of the stock traded hands, compared to its average volume of 3,013,131. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm's 50-day moving average price is $141.45 and its two-hundred day moving average price is $126.04. The stock has a market capitalization of $124.38 billion, a PE ratio of 64.93, a PEG ratio of 1.54 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.09 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. 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 dividend payout ratio (DPR) is currently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's 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 sale, the chairman 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is currently owned by company 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.