RFG Advisory LLC Has $737,000 Stake in KKR & Co. Inc. (NYSE:KKR)

RFG Advisory LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 192.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,326 shares of the asset manager’s stock after purchasing an additional 4,822 shares during the quarter. RFG Advisory LLC’s holdings in KKR & Co. Inc. were worth $737,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Capital International Investors boosted its holdings in KKR & Co. Inc. by 1.9% during the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after purchasing an additional 805,122 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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. Wellington Management Group LLP boosted its holdings 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 purchasing an additional 11,134,363 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after purchasing an additional 365,449 shares during the last quarter. Finally, Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth $649,798,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, 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. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $108.82 on Monday. KKR & Co. Inc. has a 52 week low of $52.95 and a 52 week high of $113.91. The firm has a market cap of $96.57 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 0.96 and a beta of 1.63. The firm’s 50-day simple moving average is $102.08 and its 200 day simple moving average is $94.74. 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. (NYSE:KKR) last released its quarterly 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). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Wall Street Analyst Weigh In

A number of analysts have commented on KKR shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $116.00 price target on shares of KKR & Co. Inc. in a research note on Friday. TD Cowen cut their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, JMP Securities increased their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $99.43.

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.