Northwestern Mutual Wealth Management Co. Has $6.05 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in KKR & Co. Inc. by 25.8%, accumulating 52,308 shares valued at approximately $6.05 million, according to its recent SEC filing.
• Institutional investors own 76.26% of KKR's stock, indicating strong institutional interest in the asset management firm.
• Analysts have raised their price targets for KKR, with a consensus target now at $158.07, and many rating it as a "Buy".

Northwestern Mutual Wealth Management Co. raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 25.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,308 shares of the asset manager's stock after buying an additional 10,739 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in KKR & Co. Inc. were worth $6,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in KKR & Co. Inc. by 28.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager's stock valued at $622,000 after purchasing an additional 941 shares during the period. Quarry LP lifted its holdings in shares of KKR & Co. Inc. by 228.9% in the fourth quarter. Quarry LP now owns 786 shares of the asset manager's stock valued at $116,000 after purchasing an additional 547 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 4.5% in the fourth quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager's stock valued at $7,608,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of KKR & Co. Inc. by 2,188.9% in the fourth 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 during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 0.6%

Shares of KKR & Co. Inc. stock traded down $0.84 during midday trading on Tuesday, reaching $138.65. 2,418,449 shares of the company's stock traded hands, compared to its average volume of 2,812,390. 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 52 week low of $86.15 and a 52 week high of $170.40. The company's 50 day simple moving average is $141.67 and its 200 day simple moving average is $126.13. The company has a market cap of $123.53 billion, a price-to-earnings ratio of 64.49, a price-to-earnings-growth ratio of 1.54 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. Citigroup upped their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Barclays lifted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods raised their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $158.07.

KKR & Co. Inc. 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.