Charles Schwab Investment Management Inc. Has $438.40 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in KKR & Co. Inc. to approximately $438.4 million, now holding 3,792,048 shares after purchasing an additional 19,717 shares in the first quarter.
• Institutional investors currently own 76.26% of KKR's stock, demonstrating strong interest from major financial entities.
• KKR & Co. Inc. has announced a dividend increase to $0.185 per share from $0.18, reflecting a payout ratio of 34.42% and an annualized yield of 0.5%.

Charles Schwab Investment Management Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,792,048 shares of the asset manager's stock after purchasing an additional 19,717 shares during the period. Charles Schwab Investment Management Inc. owned 0.43% of KKR & Co. Inc. worth $438,399,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KKR. ASR Vermogensbeheer N.V. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $1,416,000. Citizens Financial Group Inc. RI boosted its stake in shares of KKR & Co. Inc. by 2.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 25,647 shares of the asset manager's stock valued at $2,965,000 after buying an additional 519 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $73,000. Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after purchasing an additional 870,176 shares during the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in shares of KKR & Co. Inc. by 11.3% in the 1st quarter. Campbell Capital Management Inc. now owns 96,950 shares of the asset manager's stock valued at $11,208,000 after purchasing an additional 9,882 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,281,394 shares of company stock valued at $618,358,033 in the last 90 days. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $0.63 during mid-day trading on Friday, reaching $142.82. 2,163,488 shares of the company were exchanged, compared to its average volume of 3,545,484. The company's 50-day simple moving average is $135.44 and its 200-day simple moving average is $127.77. 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 stock has a market capitalization of $127.20 billion, a P/E ratio of 66.43, a P/E/G ratio of 1.54 and a beta of 1.87. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, 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. Shareholders of record on Monday, August 11th will be issued 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 yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. 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. Finally, JMP Securities reiterated a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $157.73.

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.