KKR & Co. Inc. $KKR Shares Purchased by Triavera Capital LLC
Triavera Capital LLC increased its stake in KKR & Co. Inc. by 4.9% in Q1, owning 92,938 shares valued at $10.75 million. Other institutional investors, including Vanguard and Massachusetts Financial Services, also raised their holdings. KKR's stock opened at $135.53, with a market cap of $120.75 billion. The company reported Q2 earnings of $1.18 EPS, exceeding estimates, and announced a quarterly dividend of $0.185. Chairman George R. Roberts sold 809,906 shares recently, reducing his ownership by 0.99%.
Triavera Capital LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,938 shares of the asset manager's stock after buying an additional 4,347 shares during the period. KKR & Co. Inc. makes up 6.2% of Triavera Capital LLC's holdings, making the stock its 5th largest position. Triavera Capital LLC's holdings in KKR & Co. Inc. were worth $10,745,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after purchasing an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 buying an additional 2,391,434 shares during the last quarter. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $844,137,000. Nuveen Asset Management LLC raised its stake in KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the last quarter. Finally, Amundi raised its stake in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
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KKR & Co. Inc. Stock Performance
NYSE KKR opened at $135.53 on Friday. The stock has a market capitalization of $120.75 billion, a price-to-earnings ratio of 63.04, a PEG ratio of 1.49 and a beta of 1.93. The stock has a 50-day moving average of $141.90 and a 200 day moving average of $126.04. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.
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KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $1.09 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.
KKR & Co. Inc. Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.
Insider Activity
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In other news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were 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 of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
KKR has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.
Check Out Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Profile
(Free Report)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.
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