KKR & Co. Inc. (NYSE:KKR) Stock Holdings Lowered by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in KKR & Co. Inc. by 15.5%, selling 9,929 shares and ending the quarter with 54,051 shares worth approximately $6.25 million.
• Analysts have increased their price targets for KKR, with Citigroup raising its target from $160 to $170 and Evercore ISI lifting it from $130 to $150, reflecting positive sentiment about the company's performance.
• KKR announced a quarterly dividend increase to $0.185 per share, up from the previous $0.18, with a yield of 0.5%, indicating ongoing confidence in shareholder returns.

Mizuho Securities USA LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,051 shares of the asset manager's stock after selling 9,929 shares during the period. Mizuho Securities USA LLC's holdings in KKR & Co. Inc. were worth $6,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KKR. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the first quarter valued at approximately $38,000. GW&K Investment Management LLC lifted its position in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $46,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Stock Performance

KKR stock traded down $1.06 during trading on Monday, hitting $141.61. 1,818,626 shares of the company's stock traded hands, compared to its average volume of 3,493,415. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a fifty day moving average price of $135.84 and a two-hundred day moving average price of $127.34. The stock has a market capitalization of $126.12 billion, a price-to-earnings ratio of 65.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released 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 6.42%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. 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%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $116,828,940.50. Following the transaction, the chairman 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 disclosure for this sale can be found here. Insiders sold a total of 3,281,394 shares of company stock worth $413,158,033 over the last 90 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.