Dimensional Fund Advisors LP Purchases 78,006 Shares of KKR & Co. Inc. $KKR

Dimensional Fund Advisors LP grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,804,568 shares of the asset manager’s stock after purchasing an additional 78,006 shares during the quarter. Dimensional Fund Advisors LP’s holdings in KKR & Co. Inc. were worth $166,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $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 worth $273,000 after purchasing an additional 237 shares during the period. United Bank bought a new position in KKR & Co. Inc. in the 2nd quarter worth $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in KKR & Co. Inc. during the second quarter valued at $4,826,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the transaction, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. This represents a 19.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $99.48 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The business’s 50-day simple moving average is $95.30 and its two-hundred day simple moving average is $100.44. The stock has a market cap of $89.32 billion, a PE ratio of 33.84, a P/E/G ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. As a group, analysts forecast that KKR & Co. Inc. will post 5.54 EPS for the current fiscal year.

KKR & Co. Inc. declared that its board has approved a stock repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is presently 26.53%.

Analysts Set New Price Targets

Several analysts have issued reports on KKR shares. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. UBS Group raised their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. HSBC lifted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Barclays boosted their price objective on KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Oppenheimer reduced their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $128.08.

About KKR & Co. Inc.

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.