Townsquare Capital LLC Acquires 3,448 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

• Townsquare Capital LLC increased its shares in KKR & Co. Inc. by 16.8%, acquiring an additional 3,448 shares, making its total holdings worth approximately $2.77 million.
• KKR & Co. Inc. recently raised its quarterly dividend to $0.185 per share, up from $0.18, reflecting a 0.5% yield and a dividend payout ratio of 34.42%.
• Research analysts have a consensus rating of Moderate Buy on KKR & Co. Inc., with price targets ranging from $140 to $170, indicating strong investor interest and confidence.

Townsquare Capital LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,978 shares of the asset manager's stock after purchasing an additional 3,448 shares during the quarter. Townsquare Capital LLC's holdings in KKR & Co. Inc. were worth $2,772,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. PFG Advisors raised its position in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after acquiring an additional 90 shares during the last quarter. First Bank & Trust lifted its stake in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after purchasing an additional 98 shares during the period. LRI Investments LLC lifted its stake in shares of KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after purchasing an additional 100 shares during the period. MGB Wealth Management LLC lifted its stake in shares of KKR & Co. Inc. by 1.8% in the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock valued at $672,000 after purchasing an additional 100 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 2.3% in the 1st quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock valued at $535,000 after purchasing an additional 104 shares during the period. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.7%

Shares of NYSE:KKR opened at $141.61 on Tuesday. 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. The company's fifty day simple moving average is $135.84 and its 200 day simple moving average is $127.34. The firm has a market cap of $126.12 billion, a price-to-earnings ratio of 65.86, a PEG ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Evercore ISI increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. JMP Securities reissued a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Citigroup boosted their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $157.73.

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.

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