KKR & Co. Inc. (NYSE:KKR) Position Boosted by Empowered Funds LLC

Empowered Funds LLC boosted its position in KKR & Co. Inc. (NYSE:KKR) by 694.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,517 shares of the asset manager’s stock after buying an additional 52,904 shares during the quarter. Empowered Funds LLC’s holdings in KKR & Co. Inc. were worth $6,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Norges Bank acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $649,798,000. Winslow Capital Management LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth about $344,354,000. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after acquiring an additional 1,728,782 shares during the period. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $68,286,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KKR. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. TD Cowen reduced their price objective on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, July 8th. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $100.07.

KKR & Co. Inc. Stock Performance

KKR opened at $110.74 on Friday. The business has a 50 day moving average price of $105.52 and a two-hundred day moving average price of $97.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $98.27 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. Research analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.175 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.63%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.