Caisse DE Depot ET Placement DU Quebec Invests $3.37 Million in KKR & Co. Inc. $KKR

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a new position in KKR & Co. Inc., purchasing 29,134 shares valued at approximately $3.37 million in the first quarter.
• Equities analysts maintain a positive outlook on KKR, with twelve analysts rating it as a Buy and a consensus target price of $158.07.
• KKR recently increased its quarterly dividend from $0.18 to $0.185, resulting in an annualized dividend of $0.74 and a yield of 0.5%.

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,134 shares of the asset manager's stock, valued at approximately $3,368,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Brighton Jones LLC raised its position in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after purchasing an additional 2,437 shares during the period. AQR Capital Management LLC raised its position in shares of KKR & Co. Inc. by 4.5% during the 4th quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager's stock valued at $7,608,000 after purchasing an additional 2,221 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of KKR & Co. Inc. by 2,188.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 73,955 shares of the asset manager's stock valued at $10,939,000 after purchasing an additional 70,724 shares during the period. Voleon Capital Management LP bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $514,000. Finally, Becker Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $210,000. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $1.57 on Tuesday, reaching $137.93. The company's stock had a trading volume of 1,310,273 shares, compared to its average volume of 4,758,242. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a market cap of $122.88 billion, a P/E ratio of 64.07, a PEG ratio of 1.54 and a beta of 1.93. The company has a 50-day simple moving average of $141.45 and a 200 day simple moving average of $126.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the company posted $1.09 EPS. As a group, equities research analysts anticipate 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 was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's 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 sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade 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 the SEC website. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company 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.