OLD National Bancorp IN raised its stake in KKR & Co. Inc. (NYSE:KKR – Free Report) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,605 shares of the asset manager’s stock after acquiring an additional 279 shares during the period. OLD National Bancorp IN’s holdings in KKR & Co. Inc. were worth $879,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. National Bank of Canada FI increased its holdings in shares of KKR & Co. Inc. by 44.0% in 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 increased its stake in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock worth $818,000 after acquiring an additional 2,006 shares during the last quarter. CWM LLC increased its stake in KKR & Co. Inc. by 4.6% in the 1st 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. Western Financial Corp CA purchased a new stake in KKR & Co. Inc. during the first quarter valued at $739,000. Finally, Ground Swell Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth $463,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Trading Down 0.7%
KKR opened at $126.79 on Tuesday. 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 stock’s 50 day moving average price is $140.45 and its 200-day moving average price is $128.58. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $112.96 billion, a price-to-earnings ratio of 58.97, a P/E/G ratio of 1.40 and a beta of 1.91.
KKR & Co. Inc. Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. The ex-dividend date 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 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. JMP Securities reaffirmed a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. 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. Finally, BMO Capital Markets began coverage on KKR & Co. Inc. in a report on Friday. They set an “outperform” rating and a $148.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $157.40.
Get Our Latest Stock Analysis on KKR
Insider Buying and Selling
In related news, Chairman George R. Roberts sold 809,906 shares of the firm’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 owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.34% of the stock is owned by corporate insiders.
About KKR & Co. Inc.
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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