KKR & Co. Inc. $KKR Shares Acquired by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. increased its stake in KKR & Co. Inc. by 377.8%, acquiring an additional 13,837 shares, bringing its total holdings to 17,500 shares worth approximately $2,023,000.
• KKR's Director Timothy R. Barakett purchased 35,000 shares for around $4.13 million, enhancing his ownership stake by 23.33%, while Chairman George R. Roberts sold over 1.19 million shares worth approximately $142.57 million.
• Analysts have raised their price targets for KKR & Co. Inc., with Citigroup increasing its target from $160 to $170, and a consensus rating of "Moderate Buy" is noted among analysts.

Banco BTG Pactual S.A. raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 377.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,500 shares of the asset manager's stock after purchasing an additional 13,837 shares during the period. Banco BTG Pactual S.A.'s holdings in KKR & Co. Inc. were worth $2,023,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KKR. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $844,137,000. Jennison Associates LLC boosted its stake in shares of KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after buying an additional 4,306,290 shares in the last quarter. Nuveen Asset Management LLC boosted its position in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 in the last quarter. Finally, GAMMA Investing LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 owned 73,006,022 shares in the company, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the business'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 transaction, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,281,394 shares of company stock valued at $413,158,033. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Barclays increased their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, 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 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Stock Up 2.8%

Shares of KKR stock traded up $3.8310 during mid-day trading on Friday, reaching $141.6710. 4,084,502 shares of the company were exchanged, compared to its average volume of 3,227,708. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. 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 $126.22 billion, a P/E ratio of 65.89, a P/E/G ratio of 1.52 and a beta of 1.87. The business's 50 day simple moving average is $139.35 and its 200 day simple moving average is $126.54.

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 the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 last year, the firm earned $1.09 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 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.