Valeo Financial Advisors LLC Reduces Position in KKR & Co. Inc. $KKR

Valeo Financial Advisors LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 5.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,694 shares of the asset manager’s stock after selling 382 shares during the quarter. Valeo Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $891,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after buying an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of KKR & Co. Inc. by 14.3% during 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 in the last quarter. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth $844,137,000. Amundi grew its holdings in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KKR. JMP Securities reissued a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Saturday, September 27th. Finally, BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated 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 sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 1.8%

Shares of KKR stock opened at $124.58 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $111.00 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91. The company has a 50-day moving average of $139.92 and a two-hundred day moving average of $128.55. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the firm posted $1.09 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is currently 34.42%.

About KKR & Co. Inc.

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.