Aigen Investment Management LP Takes $1.70 Million Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Aigen Investment Management LP has acquired a new stake in KKR & Co. Inc., purchasing 14,716 shares valued at approximately $1.70 million during the 1st quarter.
• Several institutional investors have significantly increased their positions in KKR, with Brighton Jones LLC raising its holdings by 109.6% in the fourth quarter.
• KKR recently increased its quarterly dividend from $0.18 to $0.185 per share, translating to an annualized dividend yield of 0.5%.

Aigen Investment Management LP bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,716 shares of the asset manager's stock, valued at approximately $1,701,000.

Several other hedge funds have also modified their holdings of KKR. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $38,000. GW&K Investment Management LLC raised its position in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $46,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,281,394 shares of company stock valued at $413,158,033 in the last 90 days. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Citigroup upped their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. 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. Finally, Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price of $157.73.

KKR & Co. Inc. Trading Down 0.7%

Shares of KKR & Co. Inc. stock traded down $1.06 during mid-day trading on Monday, hitting $141.61. The stock had a trading volume of 1,818,626 shares, compared to its average volume of 3,493,415. The firm has a 50-day moving average of $135.84 and a two-hundred day moving average of $127.34. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market cap of $126.12 billion, a P/E ratio of 65.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87.

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 for the quarter, topping 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 6.42%. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $1.09 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

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.