Raymond James Financial Services Advisors Inc. Has $3.23 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Raymond James Financial Services Advisors Inc. grew its position in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,560 shares of the asset manager’s stock after buying an additional 2,286 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in KKR & Co. Inc. were worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,770,692 shares of the asset manager’s stock valued at $1,667,140,000 after buying an additional 3,309,267 shares during the last quarter. Akre Capital Management LLC raised its stake in shares of KKR & Co. Inc. by 0.9% in the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after acquiring an additional 134,660 shares in the last quarter. Northern Trust Corp raised its stake in shares of KKR & Co. Inc. by 2.4% in the 1st quarter. Northern Trust Corp now owns 4,308,789 shares of the asset manager’s stock valued at $251,935,000 after acquiring an additional 102,495 shares in the last quarter. Ariel Investments LLC raised its stake in shares of KKR & Co. Inc. by 10.0% in the 1st quarter. Ariel Investments LLC now owns 3,206,381 shares of the asset manager’s stock valued at $187,477,000 after acquiring an additional 292,086 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of KKR & Co. Inc. by 49.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,809,818 shares of the asset manager’s stock valued at $164,290,000 after acquiring an additional 931,519 shares in the last quarter. 53.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on KKR. Oppenheimer lifted their price target on KKR & Co. Inc. from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, April 13th. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Argus lowered their price objective on KKR & Co. Inc. from $74.00 to $64.00 in a research report on Thursday, May 11th. JMP Securities restated a “market outperform” rating and set a $80.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, March 13th. Finally, StockNews.com started coverage on KKR & Co. Inc. in a research report on Thursday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.39.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $50.03 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $43.18 billion, a P/E ratio of -56.85, a P/E/G ratio of 2.34 and a beta of 1.53. The business’s fifty day moving average is $50.69 and its two-hundred day moving average is $51.85. KKR & Co. Inc. has a 52 week low of $41.77 and a 52 week high of $60.53.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. KKR & Co. Inc. had a positive return on equity of 4.87% and a negative net margin of 5.67%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was up 212.9% compared to the same quarter last year. Equities research analysts forecast that KKR & Co. Inc. will post 2.8 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, May 19th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.16. KKR & Co. Inc.’s dividend payout ratio is -70.45%.

Insider Activity

In other news, insider David Sorkin sold 40,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $55.44, for a total transaction of $2,217,600.00. Following the transaction, the insider now owns 1,434,144 shares of the company’s stock, valued at $79,508,943.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total value of $335,000,001.00. Following the completion of the sale, the insider now owns 44,782,619 shares in the company, valued at $940,434,999. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Sorkin sold 40,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total value of $2,217,600.00. Following the completion of the sale, the insider now owns 1,434,144 shares of the company’s stock, valued at approximately $79,508,943.36. The disclosure for this sale can be found here. Insiders have sold 23,592,381 shares of company stock valued at $632,325,601 over the last 90 days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. The firm manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management and Insurance segments.