Stephens Inc. AR Has $23.15 Million Holdings in KKR & Co. Inc. $KKR

Stephens Inc. AR lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,593 shares of the asset manager’s stock after selling 7,005 shares during the quarter. Stephens Inc. AR’s holdings in KKR & Co. Inc. were worth $23,149,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $26,000. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $26,000. GGM Financials LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $27,000. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Finally, Richardson Financial Services Inc. lifted its holdings in KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.4%

KKR stock opened at $97.16 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.07. The stock has a market capitalization of $87.23 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 0.88 and a beta of 1.85. The business’s fifty day moving average price is $95.35 and its two-hundred day moving average price is $110.85. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.46 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio (DPR) is 25.17%.

KKR & Co. Inc. declared that its board has authorized a stock repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KKR shares. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. BMO Capital Markets cut their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Monday, May 4th. Royal Bank Of Canada cut their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.67.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 343,872 shares of company stock worth $34,844,179 over the last quarter. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.