Valley National Advisers Inc. Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Valley National Advisers Inc. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 62.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,282 shares of the asset manager’s stock after buying an additional 493 shares during the quarter. Valley National Advisers Inc.’s holdings in KKR & Co. Inc. were worth $128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MBM Wealth Consultants LLC acquired a new position in KKR & Co. Inc. in the first quarter valued at $218,000. Allspring Global Investments Holdings LLC increased its stake in shares of KKR & Co. Inc. by 227.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,380 shares of the asset manager’s stock valued at $1,446,000 after acquiring an additional 9,982 shares during the last quarter. O ROURKE & COMPANY Inc lifted its holdings in shares of KKR & Co. Inc. by 2.4% during the 1st quarter. O ROURKE & COMPANY Inc now owns 44,647 shares of the asset manager’s stock worth $4,491,000 after acquiring an additional 1,066 shares during the period. First Bank & Trust boosted its position in shares of KKR & Co. Inc. by 13.7% in the first quarter. First Bank & Trust now owns 6,432 shares of the asset manager’s stock worth $647,000 after acquiring an additional 774 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. acquired a new stake in shares of KKR & Co. Inc. in the first quarter worth approximately $226,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.0 %

NYSE KKR traded up $0.01 on Wednesday, reaching $105.94. The company had a trading volume of 1,252,157 shares, compared to its average volume of 5,127,509. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $52.95 and a 1 year high of $113.91. The firm has a 50-day moving average of $103.81 and a 200-day moving average of $96.13. The firm has a market capitalization of $94.01 billion, a PE ratio of 23.75, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.04 EPS 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. Shareholders of record on Monday, May 13th were given a $0.175 dividend. 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 0.66%. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen cut their target price 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 lowered their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 transaction of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought 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 directly 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. 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.