Trust Co. of Vermont Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Trust Co. of Vermont grew its position in KKR & Co. Inc. (NYSE:KKR) by 20.0% during the second quarter, Holdings Channel reports. The firm owned 1,200 shares of the asset manager’s stock after acquiring an additional 200 shares during the period. Trust Co. of Vermont’s holdings in KKR & Co. Inc. were worth $126,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Advisor Resource Council acquired a new stake in KKR & Co. Inc. during the first quarter worth about $1,001,000. Wealth Enhancement Advisory Services LLC grew its holdings in KKR & Co. Inc. by 352.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after purchasing an additional 111,881 shares during the period. Quadrature Capital Ltd acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $3,932,000. Janney Montgomery Scott LLC grew its holdings in KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after purchasing an additional 6,406 shares during the period. Finally, Wellington Management Group LLP grew its holdings in 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 valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR stock traded up $1.20 during midday trading on Wednesday, hitting $110.80. 1,488,253 shares of the stock were exchanged, compared to its average volume of 4,958,312. The stock’s 50-day moving average price is $109.66 and its 200-day moving average price is $101.50. The stock has a market cap of $98.32 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period in the previous year, the firm posted $0.58 earnings per share. Research analysts predict that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Insiders sold a total of 37,554,644 shares of company stock valued at $1,725,355,039 over the last quarter. Company insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. JMP Securities raised their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Citigroup raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

KKR & Co. Inc. Company Profile

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.