RDA Financial Network Acquires 12,565 Shares of KKR & Co. Inc. $KKR

RDA Financial Network raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 301.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,731 shares of the asset manager’s stock after acquiring an additional 12,565 shares during the period. RDA Financial Network’s holdings in KKR & Co. Inc. were worth $2,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of KKR & Co. Inc. during the first quarter valued at about $844,137,000. Jennison Associates LLC boosted its stake in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after purchasing an additional 4,306,290 shares in the last quarter. Amundi boosted its stake in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Finally, Unisphere Establishment boosted its stake in shares of KKR & Co. Inc. by 1,594.5% during the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on 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 completion of the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Finally, Barclays boosted their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Trading Down 1.1%

NYSE KKR opened at $143.48 on Friday. The company has a market cap of $127.83 billion, a price-to-earnings ratio of 66.74, a P/E/G ratio of 1.60 and a beta of 1.93. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50 day moving average price of $142.43 and a 200-day moving average price of $126.34. The company has a quick ratio of 0.08, a current 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 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

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.