Zuckerman Investment Group LLC Sells 4,834 Shares of KKR & Co. Inc. $KKR

Key Points

• Zuckerman Investment Group LLC reduced its holdings in KKR & Co. Inc. by 2.5%, owning 192,471 shares valued at approximately $22.25 million, making it the firm's 14th largest holding.
• KKR recently declared a quarterly dividend of $0.185 per share, up from its previous dividend of $0.18, with a 0.5% yield.
• The stock has received mixed ratings from analysts, with a current average rating of "Moderate Buy" and an average target price of $157.73.

Zuckerman Investment Group LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 192,471 shares of the asset manager's stock after selling 4,834 shares during the quarter. KKR & Co. Inc. accounts for approximately 2.4% of Zuckerman Investment Group LLC's holdings, making the stock its 14th largest holding. Zuckerman Investment Group LLC's holdings in KKR & Co. Inc. were worth $22,252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Nuveen LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Jennison Associates LLC boosted its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC boosted its position in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, GAMMA Investing LLC boosted its position in KKR & Co. Inc. by 10,808.5% during the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KKR shares. JMP Securities reiterated 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 Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Evercore ISI upped their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.07.

Insiders Place Their Bets

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

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $0.48 during mid-day trading on Friday, reaching $139.61. The stock had a trading volume of 2,421,632 shares, compared to its average volume of 3,179,577. The firm's 50 day simple moving average is $141.10 and its 200 day simple moving average is $126.23. 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. has a one year low of $86.15 and a one year high of $170.40. The firm has a market cap of $124.38 billion, a PE ratio of 64.93, a P/E/G ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $1.09 EPS. On average, 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. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. 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 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

KKR & Co. Inc. Company 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.