SG Americas Securities LLC Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

SG Americas Securities LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 318.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,117 shares of the asset manager’s stock after buying an additional 21,395 shares during the period. SG Americas Securities LLC’s holdings in KKR & Co. Inc. were worth $3,251,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Tallon Kerry Patrick purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $207,000. Brighton Jones LLC lifted its stake in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of KKR & Co. Inc. by 15.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,253 shares of the asset manager’s stock valued at $333,000 after purchasing an additional 302 shares in the last quarter. Savant Capital LLC lifted its stake in shares of KKR & Co. Inc. by 27.5% in the 4th quarter. Savant Capital LLC now owns 2,001 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 431 shares in the last quarter. Finally, Sovran Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $243,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the topic of several research analyst reports. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Barclays lifted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Buy” and an average price target of $149.43.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $121.32 on Friday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $108.06 billion, a P/E ratio of 36.43, a P/E/G ratio of 1.00 and a beta of 1.89. The company’s fifty day moving average price is $115.79 and its two-hundred day moving average price is $131.74.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was down 67.8% compared to the same quarter last year. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.185 dividend. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 31.22%.

Insider Activity

In related news, Director Timothy R. Barakett bought 35,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the purchase, the director now owns 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Scully bought 13,250 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ? increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

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.