International Assets Investment Management LLC Increases Stake in KKR & Co. Inc. (NYSE:KKR)

International Assets Investment Management LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 31.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,036 shares of the asset manager’s stock after buying an additional 728 shares during the quarter. International Assets Investment Management LLC’s holdings in KKR & Co. Inc. were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KKR. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in KKR & Co. Inc. by 35.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,572 shares of the asset manager’s stock worth $6,690,000 after purchasing an additional 16,679 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth about $257,000. Lee Danner & Bass Inc. purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth about $2,018,000. Signaturefd LLC boosted its stake in KKR & Co. Inc. by 7.1% during the second quarter. Signaturefd LLC now owns 6,955 shares of the asset manager’s stock valued at $732,000 after buying an additional 460 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in KKR & Co. Inc. by 34.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 53,167 shares of the asset manager’s stock valued at $5,595,000 after buying an additional 13,632 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KKR. Evercore ISI increased their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Barclays boosted their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, JMP Securities boosted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.93.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $123.77 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average is $114.02 and its two-hundred day moving average is $105.03. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The company has a market capitalization of $109.83 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Activity at KKR & Co. Inc.

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 bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought 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 $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

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.