Price T Rowe Associates Inc. MD Purchases 220,230 Shares of KKR & Co. Inc. $KKR

Key Points

• Price T Rowe Associates Inc. has increased its stake in KKR & Co. Inc. by 7.2%, now holding approximately 3.3 million shares valued at $379.9 million.
• KKR & Co. Inc. has increased its quarterly dividend to $0.185, up from $0.18, establishing a yield of 0.5%.
• Analysts have mixed ratings on KKR, with several upgrades, noting a consensus price target of $157.73, reflecting a "Moderate Buy" outlook.

Price T Rowe Associates Inc. MD raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,286,420 shares of the asset manager's stock after buying an additional 220,230 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.37% of KKR & Co. Inc. worth $379,944,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. during the fourth quarter worth $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $50,199,000. National Bank of Canada FI boosted its holdings in 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 acquiring an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in 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 acquiring an additional 2,006 shares during the last quarter. Finally, CWM LLC boosted its holdings in 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 acquiring an additional 398 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction on 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 completion of the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $0.53 during midday trading on Wednesday, hitting $140.61. 2,225,977 shares of the company's stock were exchanged, compared to its average volume of 4,793,423. The company's 50 day moving average price is $140.04 and its 200 day moving average price is $126.21. The firm has a market capitalization of $125.27 billion, a PE ratio of 65.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. 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 quarterly 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. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate 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 company posted $1.09 EPS. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis 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 is presently 34.42%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities restated a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Oppenheimer raised their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Citigroup raised their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research report on Wednesday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

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.