Securian Asset Management Inc. Has $4.70 Million Position in KKR & Co. Inc. $KKR

Securian Asset Management Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,335 shares of the asset manager’s stock after selling 340 shares during the quarter. Securian Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $4,701,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $218,000. XML Financial LLC grew its holdings in KKR & Co. Inc. by 20.9% in the 1st quarter. XML Financial LLC now owns 4,846 shares of the asset manager’s stock valued at $560,000 after buying an additional 839 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in KKR & Co. Inc. by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 269,479 shares of the asset manager’s stock valued at $31,154,000 after buying an additional 19,820 shares in the last quarter. Finally, Davidson Kahn Capital Management LLC grew its holdings in KKR & Co. Inc. by 47.2% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 21,631 shares of the asset manager’s stock valued at $2,501,000 after buying an additional 6,935 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $123.88 on Wednesday. The stock has a fifty day moving average price of $135.34 and a 200-day moving average price of $129.04. The company has a market cap of $110.37 billion, a price-to-earnings ratio of 57.62, a PEG ratio of 1.35 and a beta of 1.91. 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.

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. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the company posted $1.09 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced 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 represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Piper Sandler initiated coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.27.

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.