Allianz SE Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Allianz SE has increased its stake in KKR & Co. Inc. by 50.2%, owning a total of 12,015 shares valued at approximately $1.39 million after acquiring an additional 4,015 shares in the first quarter.
• KKR recently announced a quarterly dividend increase from $0.18 to $0.185 per share, with stockholders set to receive the dividend on August 26th, representing a yield of 0.5%.
• Despite strong performance, KKR's stock has seen a 2.7% drop, with analysts maintaining a moderately positive outlook, citing an average target price of $155.00.

Allianz SE increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,015 shares of the asset manager's stock after acquiring an additional 4,015 shares during the quarter. Allianz SE's holdings in KKR & Co. Inc. were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KKR. Jennison Associates LLC boosted its stake in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC raised its holdings 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 valued at $973,894,000 after buying an additional 3,391,581 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 valued at $2,206,042,000 after buying an additional 2,391,434 shares during the period. GAMMA Investing LLC increased its position in shares of KKR & Co. Inc. by 10,808.5% in the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after acquiring an additional 1,145,158 shares during the period. Finally, FMR LLC increased its position in shares of KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 2.7%

KKR stock opened at $142.58 on Monday. 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 business has a 50 day moving average of $133.14 and a 200 day moving average of $128.11. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a market cap of $126.99 billion, a PE ratio of 66.32, a price-to-earnings-growth ratio of 1.59 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same period last year, the company earned $1.09 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Barclays upped their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI lifted their price target 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. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $155.00.

Insider Transactions at KKR & Co. Inc.

In related news, 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 sale, the chairman owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

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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