KKR & Co. Inc. (NYSE:KKR) Stock Holdings Boosted by Vestcor Inc

Vestcor Inc lifted its position in KKR & Co. Inc. (NYSE:KKR) by 8.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,222 shares of the asset manager’s stock after buying an additional 924 shares during the period. Vestcor Inc’s holdings in KKR & Co. Inc. were worth $1,413,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. FMR LLC boosted its stake in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the last quarter. Northern Trust Corp raised its position in shares of KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager’s stock worth $909,741,000 after purchasing an additional 600,696 shares during the period. Finally, Jennison Associates LLC raised its position in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In other news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,882,642,696.74. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

KKR opened at $142.58 on Friday. The stock has a fifty day moving average price of $133.14 and a 200 day moving average price of $128.43. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $126.99 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 1.63 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same period in the previous year, the company earned $1.09 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is currently 31.22%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KKR shares. TD Cowen decreased their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $155.00.

KKR & Co. Inc. 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.