Prudential PLC Has $1.17 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Prudential PLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 30.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,098 shares of the asset manager’s stock after purchasing an additional 2,590 shares during the quarter. Prudential PLC’s holdings in KKR & Co. Inc. were worth $1,168,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KKR. Advisor Resource Council acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $1,001,000. Wealth Enhancement Advisory Services LLC raised its position in KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after buying an additional 111,881 shares during the last quarter. Quadrature Capital Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $3,932,000. Janney Montgomery Scott LLC boosted its position in KKR & Co. Inc. by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after acquiring an additional 6,406 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after acquiring an additional 11,134,363 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $120.35 on Friday. The company’s 50-day moving average is $116.32 and its 200-day moving average is $106.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $106.80 billion, a PE ratio of 26.98, a PEG ratio of 0.97 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating 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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm earned $0.58 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.58%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KKR. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. JMP Securities raised their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price 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, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $126.86.

KKR & Co. Inc. Company Profile

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.