Parkwood LLC Acquires Shares of 29,820 KKR & Co. Inc. $KKR

Key Points

• Parkwood LLC has acquired a new stake in KKR & Co. Inc., purchasing 29,820 shares valued at approximately $3.45 million during the first quarter.
• Analysts have mixed outlooks on KKR, with ratings ranging from buy to hold, and a consensus target price averaging $158.07.
• KKR has recently increased its quarterly dividend to $0.185 per share, reflecting a commitment to returning value to shareholders.

Parkwood LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,820 shares of the asset manager's stock, valued at approximately $3,447,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Benjamin Edwards Inc. increased its stake in shares of KKR & Co. Inc. by 32.0% in the fourth quarter. Benjamin Edwards Inc. now owns 5,444 shares of the asset manager's stock worth $805,000 after acquiring an additional 1,321 shares during the period. Baird Financial Group Inc. increased its stake in shares of KKR & Co. Inc. by 4.1% in the fourth quarter. Baird Financial Group Inc. now owns 27,016 shares of the asset manager's stock worth $3,996,000 after acquiring an additional 1,071 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $757,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $1.40 during mid-day trading on Tuesday, hitting $137.29. The company had a trading volume of 2,625,224 shares, compared to its average volume of 2,871,209. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company's fifty day moving average is $142.11 and its 200-day moving average is $126.10. The company has a market capitalization of $122.32 billion, a price-to-earnings ratio of 63.86, a P/E/G ratio of 1.53 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.09 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KKR. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. JMP Securities reiterated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a research note on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $158.07.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction 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 transaction, the chairman directly 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 document filed with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by 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.