Signature Estate & Investment Advisors LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 3,663.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,465 shares of the asset manager's stock after purchasing an additional 127,972 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in KKR & Co. Inc. were worth $15,199,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in KKR. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. during the fourth quarter worth $50,199,000. National Bank of Canada FI raised its holdings in KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after purchasing an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in KKR & Co. Inc. by 39.6% during the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after purchasing an additional 2,006 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after acquiring an additional 398 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
KKR & Co. Inc. Stock Performance
Shares of KKR & Co. Inc. stock traded up $1.89 during trading on Wednesday, reaching $139.28. The company's stock had a trading volume of 2,499,830 shares, compared to its average volume of 2,851,139. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The business's fifty day moving average price is $142.20 and its 200-day moving average price is $126.19. The firm has a market cap of $124.09 billion, a price-to-earnings ratio of 64.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.93. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.
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, topping analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion for 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 last year, the business earned $1.09 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.
KKR & Co. Inc. Increases Dividend
The company 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. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.
Insider Buying and Selling at KKR & Co. Inc.
In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on KKR. JMP Securities reissued a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. HSBC cut 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. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Oppenheimer upped their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.07.
Check Out Our Latest Stock Report on KKR
KKR & Co. Inc. Profile
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Free Report)
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.
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