Virtu Financial LLC Has $1.95 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Virtu Financial LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 115.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,567 shares of the asset manager’s stock after buying an additional 9,969 shares during the quarter. Virtu Financial LLC’s holdings in KKR & Co. Inc. were worth $1,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors lifted its position in shares of KKR & Co. Inc. by 1.9% in the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after acquiring an additional 805,122 shares in the last quarter. Vanguard Group Inc. raised its stake in KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Capital World Investors boosted its position in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after buying an additional 1,139,784 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JMP Securities upped their price target on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Evercore ISI upped their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company began coverage on shares of KKR & Co. Inc. in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price target for the company. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.86.

KKR & Co. Inc. Stock Up 1.1 %

KKR & Co. Inc. stock opened at $127.99 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79. The firm’s fifty day simple moving average is $117.53 and its 200-day simple moving average is $107.18. The company has a market capitalization of $113.58 billion, a P/E ratio of 28.70, a P/E/G ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.58 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.55%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.