Bouvel Investment Partners LLC Makes New $6.60 Million Investment in KKR & Co. Inc. $KKR

Key Points

• Bouvel Investment Partners LLC acquired 49,637 shares of KKR & Co. Inc., valued at approximately $6.6 million, making it the firm's 13th largest holding.
• Chairman George R. Roberts sold 809,906 shares at an average price of $144.25, resulting in a transaction totaling over $116.8 million.
• KKR & Co. Inc. recently increased its quarterly dividend to $0.185 per share, marking a rise from the previous $0.18.

Bouvel Investment Partners LLC bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,637 shares of the asset manager's stock, valued at approximately $6,603,000. KKR & Co. Inc. makes up approximately 2.2% of Bouvel Investment Partners LLC's investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KKR. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Saudi Central Bank bought a new stake in KKR & Co. Inc. during the first quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $46,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $38,000. Finally, GW&K Investment Management LLC increased its holdings in 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 valued at $42,000 after purchasing an additional 111 shares during the period. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.5%

Shares of KKR traded up $0.74 on Tuesday, hitting $147.69. 1,917,659 shares of the stock traded hands, compared to its average volume of 4,646,894. 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 capitalization of $131.59 billion, a P/E ratio of 68.71, a P/E/G ratio of 1.64 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. The stock's 50 day moving average is $143.27 and its two-hundred day moving average is $127.26.

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 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $1.09 earnings per share. As a group, sell-side 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. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s payout ratio is 34.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KKR shares. Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Evercore ISI boosted 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. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $158.07.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated 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 completion of the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.