2,705 Shares in KKR & Co. Inc. $KKR Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 2,705 shares of KKR & Co. Inc., valued at approximately $313,000, during the 1st quarter.
• KKR reported a quarterly earnings per share (EPS) of $1.18, exceeding analysts' estimates of $1.14, along with revenues of $1.86 billion.
• The firm has increased its quarterly dividend from $0.18 to $0.185, resulting in an annualized payout of $0.74 and a dividend yield of 0.5%.

MBB Public Markets I LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,705 shares of the asset manager's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Nuveen LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Jennison Associates LLC boosted its stake in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after acquiring an additional 4,306,290 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in KKR & Co. Inc. by 106.2% during 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. Amundi boosted its stake in KKR & Co. Inc. by 114.2% during 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. Finally, Massachusetts Financial Services Co. MA boosted its stake in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $137.29 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a market capitalization of $122.32 billion, a PE ratio of 63.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.93. The firm's 50 day moving average is $142.11 and its 200-day moving average is $126.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.09 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost 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 is 34.42%.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents 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 the SEC website. 39.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $158.07.

About KKR & Co. Inc.

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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