Samlyn Capital LLC Purchases Shares of 372,052 KKR & Co. Inc. $KKR

Key Points

• Samlyn Capital LLC has newly acquired 372,052 shares of KKR & Co. Inc. valued at approximately $43 million in the first quarter.
• KKR & Co. Inc. recently announced an increase in its quarterly dividend to $0.185 per share, with an annualized yield of 0.5%.
• The company's shares have a debt-to-equity ratio of 0.77 and a market cap of $120.75 billion.

Samlyn Capital LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 372,052 shares of the asset manager's stock, valued at approximately $43,013,000.

Other large investors have also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $26,000. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth approximately $28,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth approximately $38,000. Finally, GW&K Investment Management LLC grew its position in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KKR shares. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Piper Sandler started coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Citigroup lifted their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Oppenheimer lifted their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.07.

KKR & Co. Inc. Stock Up 1.4%

KKR & Co. Inc. stock traded up $1.89 during mid-day trading on Wednesday, hitting $139.28. The company had a trading volume of 2,499,830 shares, compared to its average volume of 2,851,139. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock's 50 day moving average price is $142.20 and its two-hundred day moving average price is $126.19. 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 $124.09 billion, a PE ratio of 64.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a 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 (DPR) is currently 34.42%.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction on Thursday, August 7th. The stock was 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 in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Profile

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.