Canada Pension Plan Investment Board Has $352.80 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• Canada Pension Plan Investment Board increased its stock position in KKR & Co. Inc. by 45.2%, owning approximately $352.8 million worth of shares at the end of the reporting period.
• Analysts are optimistic about KKR, with a consensus rating of "Moderate Buy" and a target price of $158.07, while multiple firms have raised their price objectives for the stock.
• KKR has recently increased its quarterly dividend to $0.185 per share, marking a slight increase from the previous dividend of $0.18.

Canada Pension Plan Investment Board boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 45.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,051,592 shares of the asset manager's stock after acquiring an additional 950,300 shares during the quarter. Canada Pension Plan Investment Board owned about 0.34% of KKR & Co. Inc. worth $352,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $31,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $38,000. GW&K Investment Management LLC grew its position in shares of KKR & Co. Inc. by 44.6% in the first 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. Finally, SouthState Corp purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. Citigroup lifted their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Evercore ISI lifted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a report on Wednesday, July 9th. Finally, Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Twelve research 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.07.

Insider Buying and Selling

In other KKR & Co. Inc. 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 transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Down 0.6%

NYSE:KKR traded down $0.84 during trading hours on Tuesday, hitting $138.65. 2,418,336 shares of the stock traded hands, compared to its average volume of 4,760,557. 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 current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market cap of $123.53 billion, a price-to-earnings ratio of 64.49, a PEG ratio of 1.54 and a beta of 1.93. The firm has a 50 day moving average price of $141.45 and a 200 day moving average price of $126.04.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the business posted $1.09 earnings per share. Equities research analysts anticipate 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 was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. 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 (DPR) 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.