TD Asset Management Inc Acquires 5,309 Shares of KKR & Co. Inc. $KKR

Key Points

• TD Asset Management Inc increased its holdings in KKR & Co. Inc. by 1.8%, acquiring 5,309 shares during the second quarter, bringing its total ownership to 298,507 shares valued at approximately $39.71 million.
• KKR & Co. Inc. reported earnings of $1.18 per share, surpassing estimates, with revenues reaching $1.86 billion in their latest quarterly earnings.
• The company recently raised its quarterly dividend to $0.185 per share, up from $0.18, yielding an annualized dividend of $0.74.

TD Asset Management Inc lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,507 shares of the asset manager's stock after purchasing an additional 5,309 shares during the quarter. TD Asset Management Inc's holdings in KKR & Co. Inc. were worth $39,710,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KKR. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $218,000. Ritholtz Wealth Management lifted its position in shares of KKR & Co. Inc. by 53.0% in the first quarter. Ritholtz Wealth Management now owns 4,402 shares of the asset manager's stock worth $509,000 after purchasing an additional 1,524 shares in the last quarter. Sowell Financial Services LLC bought a new stake in KKR & Co. Inc. during the first quarter worth $580,000. Finally, Grove Bank & Trust raised its position in KKR & Co. Inc. by 361.3% during the first quarter. Grove Bank & Trust now owns 549 shares of the asset manager's stock worth $63,000 after acquiring an additional 430 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $117.54 on Friday. The firm has a market capitalization of $104.72 billion, a PE ratio of 54.67, a PEG ratio of 1.40 and a beta of 1.91. The company's 50-day moving average is $136.73 and its 200-day moving average is $128.65. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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 for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 firm earned $1.09 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current 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 given a $0.185 dividend. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were 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 in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JMP Securities reaffirmed 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. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an "outperform" rating and a $148.00 price target on the stock. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report 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 target on the stock. in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.20.

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.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.