XML Financial LLC Has $299,000 Stake in KKR & Co. Inc. (NYSE:KKR)

XML Financial LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,972 shares of the asset manager’s stock after selling 198 shares during the quarter. XML Financial LLC’s holdings in KKR & Co. Inc. were worth $299,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake 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 acquiring an additional 11,134,363 shares in the last quarter. Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth $649,798,000. Winslow Capital Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $344,354,000. GQG Partners LLC acquired a new position in KKR & Co. Inc. during the first quarter worth $217,004,000. Finally, Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 3.0 %

NYSE KKR traded down $3.75 during trading on Thursday, hitting $119.70. The stock had a trading volume of 5,306,019 shares, compared to its average volume of 4,936,174. The company has a market capitalization of $106.22 billion, a PE ratio of 26.74, a P/E/G ratio of 1.07 and a beta of 1.62. The company’s 50-day moving average price is $109.23 and its two-hundred day moving average price is $100.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’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 transaction of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were 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 directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders have sold a total of 37,554,644 shares of company stock worth $1,725,355,039 in the last 90 days. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer lifted their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JMP Securities lifted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.00.

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.