Meeder Advisory Services Inc. Has $782,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

Meeder Advisory Services Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 72.3% during the second quarter, HoldingsChannel reports. The firm owned 7,432 shares of the asset manager’s stock after acquiring an additional 3,119 shares during the quarter. Meeder Advisory Services Inc.’s holdings in KKR & Co. Inc. were worth $782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Y.D. More Investments Ltd acquired a new stake in KKR & Co. Inc. in the second quarter valued at about $38,000. Forsta AP Fonden boosted its stake in shares of KKR & Co. Inc. by 58.1% in the 2nd quarter. Forsta AP Fonden now owns 179,800 shares of the asset manager’s stock valued at $18,922,000 after purchasing an additional 66,100 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $5,887,000. American Century Companies Inc. increased its position in KKR & Co. Inc. by 2.4% during the 2nd quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock worth $11,059,000 after purchasing an additional 2,440 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in KKR & Co. Inc. by 12,307.7% during the 2nd quarter. Bahl & Gaynor Inc. now owns 248,154 shares of the asset manager’s stock worth $26,116,000 after purchasing an additional 246,154 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KKR shares. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Thursday. Oppenheimer increased their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.86.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $122.80 on Friday. The stock has a market capitalization of $108.98 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50 day moving average price is $116.66 and its two-hundred day moving average price is $106.70.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

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.