KKR & Co. Inc. $KKR Shares Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in KKR & Co. Inc. by 14.2%, acquiring an additional 6,316 shares, bringing its total holdings to 50,765 shares worth approximately $5.87 million.
• Insiders at KKR & Co. Inc. have sold approximately 3.28 million shares valued at over $413 million in the past ninety days, with notable sales by Chairman George R. Roberts and Henry R. Kravis.
• KKR's latest quarterly earnings report showed an EPS of $1.18, exceeding expectations, along with a recently announced dividend increase from $0.18 to $0.185 per share.

B. Metzler seel. Sohn & Co. AG raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,765 shares of the asset manager's stock after buying an additional 6,316 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in KKR & Co. Inc. were worth $5,869,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CreativeOne Wealth LLC boosted its holdings in KKR & Co. Inc. by 35.9% in the 1st quarter. CreativeOne Wealth LLC now owns 2,615 shares of the asset manager's stock worth $302,000 after buying an additional 691 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of KKR & Co. Inc. by 1,165.8% during the 1st quarter. Ieq Capital LLC now owns 61,634 shares of the asset manager's stock worth $7,125,000 after purchasing an additional 56,765 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of KKR & Co. Inc. by 22.4% during the 1st quarter. Samalin Investment Counsel LLC now owns 4,932 shares of the asset manager's stock worth $570,000 after purchasing an additional 904 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of KKR & Co. Inc. by 1.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 369,816 shares of the asset manager's stock worth $42,754,000 after purchasing an additional 5,108 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $248,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KKR. Barclays boosted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Oppenheimer boosted their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Citigroup upped their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $158.07.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the 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 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 through the SEC website. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 0.3%

Shares of KKR & Co. Inc. stock traded down $0.48 during trading hours on Monday, reaching $139.61. 2,421,632 shares of the company were exchanged, compared to its average volume of 3,013,131. 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 stock's fifty day moving average is $141.10 and its 200 day moving average is $126.05. The firm has a market cap of $124.38 billion, a PE ratio of 64.93, a PEG ratio of 1.54 and a beta of 1.93. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS 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 6.30%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. 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 of this dividend was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is 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.