Northwest & Ethical Investments L.P. Purchases 8,065 Shares of KKR & Co. Inc. $KKR

Key Points

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Northwest & Ethical Investments L.P. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 253.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,245 shares of the asset manager's stock after purchasing an additional 8,065 shares during the period. Northwest & Ethical Investments L.P.'s holdings in KKR & Co. Inc. were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. PFG Advisors boosted its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after purchasing an additional 90 shares during the period. First Bank & Trust lifted its holdings in KKR & Co. Inc. by 1.3% in the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after buying an additional 98 shares during the period. LRI Investments LLC lifted its holdings in KKR & Co. Inc. by 9.9% in the fourth quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock worth $164,000 after buying an additional 100 shares during the period. MGB Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 1.8% in the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock worth $672,000 after buying an additional 100 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.3% in the first quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock worth $535,000 after buying an additional 104 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Evercore ISI raised 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. Citigroup raised their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Stock Up 2.8%

Shares of KKR stock traded up $3.8310 during trading hours on Friday, hitting $141.6710. 4,084,502 shares of the company's stock traded hands, compared to its average volume of 3,227,708. The stock's fifty day simple moving average is $139.35 and its two-hundred day simple moving average is $126.54. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $126.22 billion, a price-to-earnings ratio of 65.89, a PEG ratio of 1.52 and a beta of 1.87. 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. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.09 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend 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 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock valued at $413,158,033 in the last three months. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Company 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.