LRI Investments LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

LRI Investments LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the first quarter, Holdings Channel.com reports. The fund bought 1,222 shares of the asset manager’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KKR. Blue Trust Inc. grew its holdings in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Riverview Trust Co acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Missouri Trust & Investment Co lifted its position in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the period. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 9.3 %

KKR stock opened at $108.59 on Friday. The business has a fifty day moving average price of $109.59 and a 200 day moving average price of $100.88. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The stock has a market capitalization of $96.36 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.07 and a beta of 1.62. 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. (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 analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $0.58 EPS. Analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. 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 completion of the sale, 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 link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. 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 completion of the sale, 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 link. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the purchase, 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 sold 37,554,644 shares of company stock valued at $1,725,355,039 in the last three months. Corporate insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on KKR shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised 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. JMP Securities raised 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. Citigroup raised their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $116.00.

KKR & Co. Inc. 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.