Aviva PLC Has $14.97 Million Position in KKR & Co. Inc. (NYSE:KKR)

Aviva PLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKRGet Rating) by 40.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,945 shares of the asset manager’s stock after buying an additional 73,597 shares during the period. Aviva PLC’s holdings in KKR & Co. Inc. were worth $14,965,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KKR. Baird Financial Group Inc. raised its holdings in shares of KKR & Co. Inc. by 9.8% during the 4th quarter. Baird Financial Group Inc. now owns 16,848 shares of the asset manager’s stock valued at $1,255,000 after purchasing an additional 1,510 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,349,971 shares of the asset manager’s stock valued at $100,573,000 after purchasing an additional 9,338 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 30.3% during the 4th quarter. HighTower Advisors LLC now owns 60,313 shares of the asset manager’s stock valued at $4,495,000 after purchasing an additional 14,037 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of KKR & Co. Inc. by 2.7% during the 4th quarter. WINTON GROUP Ltd now owns 7,230 shares of the asset manager’s stock valued at $539,000 after purchasing an additional 189 shares in the last quarter. Finally, Dowling & Yahnke LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $209,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KKR shares. JMP Securities cut their price target on shares of KKR & Co. Inc. from $85.00 to $80.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 12th. Evercore ISI set a $65.00 target price on shares of KKR & Co. Inc. in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $72.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.04.

Insider Activity

In other KKR & Co. Inc. news, Director Matt Cohler bought 18,710 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $52.99 per share, for a total transaction of $991,442.90. Following the transaction, the director now owns 86,837 shares in the company, valued at $4,601,492.63. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, Director Matt Cohler bought 18,710 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $52.99 per share, for a total transaction of $991,442.90. Following the transaction, the director now owns 86,837 shares in the company, valued at $4,601,492.63. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel David Sorkin sold 60,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $56.94, for a total transaction of $3,416,400.00. Following the completion of the transaction, the general counsel now owns 1,474,144 shares in the company, valued at $83,937,759.36. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $50.07 on Friday. The firm’s 50-day moving average is $51.53 and its 200-day moving average is $53.10. KKR & Co. Inc. has a 52-week low of $44.28 and a 52-week high of $83.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $43.05 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 3.85 and a beta of 1.53.

KKR & Co. Inc. (NYSE:KKRGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. KKR & Co. Inc. had a net margin of 8.25% and a return on equity of 7.23%. The company had revenue of $303.10 million for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was down 59.0% compared to the same quarter last year. Equities research analysts anticipate that KKR & Co. Inc. will post 3.37 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.62 annualized dividend and a dividend yield of 1.24%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 48.44%.

About KKR & Co. Inc.

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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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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