Logan Capital Management Inc. Has $6.55 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Logan Capital Management Inc. increased its holdings in KKR & Co. Inc. by 16.5%, now owning 56,648 shares worth approximately $6.55 million.
• KKR & Co. Inc. recently announced a quarterly dividend increase from $0.18 to $0.185 per share, with a yield of 0.5%.
• Analysts have a consensus rating of "Moderate Buy" for KKR, with price targets raised by several firms, including Oppenheimer and Barclays.

Logan Capital Management Inc. grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,648 shares of the asset manager's stock after purchasing an additional 8,014 shares during the period. Logan Capital Management Inc.'s holdings in KKR & Co. Inc. were worth $6,549,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $50,199,000. National Bank of Canada FI raised its holdings in shares of KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after buying an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after buying an additional 2,006 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after buying an additional 398 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $138.59 on Tuesday. The stock has a market capitalization of $123.48 billion, a P/E ratio of 64.46, a P/E/G ratio of 1.49 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. 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 business has a 50-day moving average price of $142.01 and a two-hundred day moving average price of $126.03.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm 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 period in the previous year, the business posted $1.09 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KKR shares. Oppenheimer lifted their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays lifted their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Twelve equities research 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.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $158.07.

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated 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 represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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.

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