KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 184.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,521 shares of the asset manager’s stock after acquiring an additional 30,173 shares during the period. Virtu Financial LLC’s holdings in KKR & Co. Inc. were worth $3,854,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $3,932,000. Cookson Peirce & Co. Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $9,636,000. Gridiron Partners LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $714,000. Vanguard Group Inc. increased its position in KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after purchasing an additional 475,118 shares during the period. Finally, Smithfield Trust Co increased its position in KKR & Co. Inc. by 11.6% during the 4th quarter. Smithfield Trust Co now owns 2,049 shares of the asset manager’s stock worth $171,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $0.18 on Friday, reaching $109.18. The company had a trading volume of 5,069,624 shares, compared to its average volume of 4,683,572. KKR & Co. Inc. has a 1 year low of $52.95 and a 1 year high of $113.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The company’s fifty day moving average is $101.05 and its 200 day moving average is $93.38. The company has a market cap of $96.89 billion, a P/E ratio of 24.48, a PEG ratio of 0.95 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) 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 analysts’ expectations of $989.14 million. On average, research analysts forecast that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Analysts Set New Price Targets

KKR has been the topic of several recent analyst reports. Barclays boosted their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, Jefferies Financial Group lowered their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.57.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. Corporate 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.