Zuckerman Investment Group LLC Sells 4,834 Shares of KKR & Co. Inc. $KKR

Zuckerman Investment Group LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 192,471 shares of the asset manager’s stock after selling 4,834 shares during the period. KKR & Co. Inc. makes up approximately 2.4% of Zuckerman Investment Group LLC’s portfolio, making the stock its 14th biggest holding. Zuckerman Investment Group LLC’s holdings in KKR & Co. Inc. were worth $22,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Brighton Jones LLC raised its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the last quarter. MGO One Seven LLC raised its stake in shares of KKR & Co. Inc. by 37.6% in the fourth quarter. MGO One Seven LLC now owns 3,788 shares of the asset manager’s stock worth $560,000 after purchasing an additional 1,035 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of KKR & Co. Inc. by 54.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 30,622 shares of the asset manager’s stock worth $4,529,000 after purchasing an additional 10,748 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of KKR & Co. Inc. by 28.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager’s stock worth $622,000 after purchasing an additional 941 shares during the last quarter. Finally, Prosperity Consulting Group LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $285,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction dated 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 sale, the chairman owned 73,006,022 shares of the company’s stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated 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 sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock worth $413,158,033 in the last ninety days. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $138.7820 on Tuesday. The firm’s 50-day moving average price is $139.66 and its two-hundred day moving average price is $126.11. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market capitalization of $123.65 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 1.56 and a beta of 1.87. 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. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s payout ratio is presently 34.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KKR shares. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Citigroup increased their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, JMP Securities reiterated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $157.73.

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.