Vestmark Advisory Solutions Inc. Has $1.49 Million Stake in KKR & Co. Inc. $KKR

Key Points

• Vestmark Advisory Solutions Inc. increased its ownership in KKR & Co. Inc. by 61.9% this quarter, acquiring an additional 4,936 shares, bringing its total stake to 12,905 shares valued at approximately $1.49 million.
• Analysts' ratings for KKR have varied recently, with HSBC downgrading the stock to a "hold" and setting a price target of $142.00, while Evercore ISI raised its target to $150.00, indicating differing views on the company's performance.
• KKR announced an increase in its quarterly dividend to $0.185 per share, up from the previous $0.18, reflecting ongoing financial strength and commitment to returning capital to shareholders.

Vestmark Advisory Solutions Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 61.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,905 shares of the asset manager's stock after acquiring an additional 4,936 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in KKR & Co. Inc. were worth $1,492,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. PFG Advisors lifted its position in shares of KKR & Co. Inc. by 4.5% in the 1st 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 period. First Bank & Trust lifted its position 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 worth $858,000 after acquiring an additional 98 shares during the period. LRI Investments LLC lifted its position 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 worth $164,000 after acquiring an additional 100 shares during the period. MGB Wealth Management LLC raised its holdings 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 worth $672,000 after buying an additional 100 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings 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 worth $535,000 after buying an additional 104 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.7%

KKR traded down $0.9490 during mid-day trading on Wednesday, reaching $138.0010. The stock had a trading volume of 3,185,749 shares, compared to its average volume of 4,859,699. The stock has a market capitalization of $122.95 billion, a P/E ratio of 64.19, a P/E/G ratio of 1.52 and a beta of 1.87. 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 firm's fifty day simple moving average is $138.45 and its two-hundred day simple moving average is $126.70. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $1.09 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KKR shares. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Evercore ISI increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.73.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 in the last three months. Insiders own 39.34% of the company's stock.

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.