Wellington Management Group LLP Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Wellington Management Group LLP raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 219.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,206,904 shares of the asset manager’s stock after acquiring an additional 11,134,363 shares during the period. Wellington Management Group LLP owned approximately 1.83% of KKR & Co. Inc. worth $1,342,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Northwest Bank & Trust Co purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $83,000. EP Wealth Advisors LLC grew its position in KKR & Co. Inc. by 36.8% in the 4th quarter. EP Wealth Advisors LLC now owns 5,622 shares of the asset manager’s stock valued at $466,000 after acquiring an additional 1,512 shares during the last quarter. Centaurus Financial Inc. bought a new position in KKR & Co. Inc. in the 4th quarter valued at $119,000. Virtu Financial LLC grew its position in KKR & Co. Inc. by 184.6% in the 4th quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock valued at $3,854,000 after acquiring an additional 30,173 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in KKR & Co. Inc. by 12.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 30,860 shares of the asset manager’s stock valued at $2,572,000 after acquiring an additional 3,417 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $0.18 during trading on Friday, hitting $109.18. The stock had a trading volume of 5,069,624 shares, compared to its average volume of 4,683,572. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91. The stock has a market capitalization of $96.89 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a 50-day simple moving average of $101.05 and a two-hundred day simple moving average of $93.51.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $989.14 million. On average, equities research analysts expect that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JMP Securities increased their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen dropped their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group dropped their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Barclays raised their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.57.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc bought 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 cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

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.