Asio Capital LLC Has $4.38 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• Asio Capital LLC increased its holdings in KKR & Co. Inc. by 64.1% during the 2nd quarter, reaching a value of $4.38 million as of the latest SEC filing.
• Analysts have generally positive views on KKR, with Wells Fargo raising its price target from $140.00 to $156.00, and Oppenheimer increasing it to $162.00, attributing an "overweight" and "outperform" rating to the stock.
• KKR & Co. Inc. recently declared a quarterly dividend of $0.185 per share, reflecting an increase from the prior $0.18 per share, resulting in a 0.6% dividend yield.

Asio Capital LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 64.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,943 shares of the asset manager's stock after buying an additional 12,874 shares during the quarter. Asio Capital LLC's holdings in KKR & Co. Inc. were worth $4,382,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after purchasing an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA raised its position 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 worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. during the first quarter worth approximately $844,137,000. Amundi raised its position in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after purchasing an additional 2,439,505 shares during the period. Finally, Jennison Associates LLC raised its position 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 worth $507,972,000 after purchasing an additional 4,306,290 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on KKR shares. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Oppenheimer increased 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. Piper Sandler started coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.07.

KKR & Co. Inc. Stock Up 0.2%

KKR stock opened at $134.33 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $119.68 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 1.47 and a beta of 1.93. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a fifty day moving average of $142.69 and a 200-day moving average of $128.18.

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. The company 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 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the company earned $1.09 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

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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