Virtu Financial LLC Sells 14,966 Shares of KKR & Co. Inc. $KKR

Virtu Financial LLC lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,571 shares of the asset manager’s stock after selling 14,966 shares during the period. Virtu Financial LLC’s holdings in KKR & Co. Inc. were worth $1,220,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KKR. Brighton Jones LLC boosted 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 valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $218,000. Sivia Capital Partners LLC raised its holdings in KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 237 shares in the last quarter. United Bank bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $4,826,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 0.0%

KKR stock opened at $97.01 on Friday. The firm has a 50-day moving average price of $97.86 and a 200-day moving average price of $106.65. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $87.10 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.53 EPS for the current fiscal year.

KKR & Co. Inc. announced that its board has authorized a stock buyback plan 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KKR shares. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Barclays dropped their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Oppenheimer cut their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, Piper Sandler reduced their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Company 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.