FJ Capital Management LLC Takes Position in KKR & Co. Inc. $KKR

FJ Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,424 shares of the asset manager’s stock, valued at approximately $858,000.

A number of other institutional investors have also recently made changes to their positions in the company. PFG Advisors grew its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after buying an additional 90 shares during the last quarter. First Bank & Trust boosted its holdings in KKR & Co. Inc. by 1.3% in the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock worth $858,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC grew its position in KKR & Co. Inc. by 9.9% in the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager’s stock worth $164,000 after purchasing an additional 100 shares during the period. MGB Wealth Management LLC grew its position in KKR & Co. Inc. by 1.8% in the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager’s stock worth $672,000 after purchasing an additional 100 shares during the period. Finally, Manchester Capital Management LLC grew its position in KKR & Co. Inc. by 2.3% in the 1st quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager’s stock worth $535,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.3%

KKR opened at $139.61 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm’s fifty day moving average is $141.10 and its 200 day moving average is $126.05. The stock has a market cap of $124.38 billion, a price-to-earnings ratio of 64.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KKR shares. Barclays lifted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. JMP Securities reaffirmed a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.