SageView Advisory Group LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

SageView Advisory Group LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,063 shares of the asset manager’s stock, valued at approximately $357,000.

A number of other hedge funds also recently made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $3,932,000. Wellington Management Group LLP raised its holdings in 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 in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $9,636,000. Virtu Financial LLC raised its holdings in KKR & Co. Inc. by 184.6% during the fourth quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock worth $3,854,000 after purchasing an additional 30,173 shares in the last quarter. Finally, Gridiron Partners LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $714,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KKR. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Jefferies Financial Group cut their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One equities 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 company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $98.57.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $110.48 on Thursday. 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 firm has a market cap of $98.04 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.95 and a beta of 1.63. The firm has a 50 day simple moving average of $101.65 and a 200 day simple moving average of $94.12. KKR & Co. Inc. has a fifty-two week low of $52.95 and a fifty-two week high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. Sell-side analysts predict that KKR & Co. Inc. will post 4.06 earnings per share 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. Shareholders of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 0.63%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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.