Chicago Partners Investment Group LLC Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Chicago Partners Investment Group LLC increased its holdings in KKR & Co. Inc. by 12.2% during the first quarter, bringing its total shares to 71,290, valued at approximately $8.3 million.
• Chairman Henry R. Kravis sold over 1.15 million shares at an average price of $119.80, resulting in a 1.55% decrease in his stock position.
• KKR announced a quarterly dividend increase to $0.185 per share, representing a dividend yield of 0.5% and a positive change from its previous dividend of $0.18.

Chicago Partners Investment Group LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,290 shares of the asset manager's stock after acquiring an additional 7,750 shares during the quarter. Chicago Partners Investment Group LLC's holdings in KKR & Co. Inc. were worth $8,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KKR. Charles Schwab Investment Management Inc. raised its stake in KKR & Co. Inc. by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,792,048 shares of the asset manager's stock valued at $438,399,000 after acquiring an additional 19,717 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $1,416,000. Citizens Financial Group Inc. RI raised its stake in shares of KKR & Co. Inc. by 2.1% during the first quarter. Citizens Financial Group Inc. RI now owns 25,647 shares of the asset manager's stock worth $2,965,000 after purchasing an additional 519 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth approximately $73,000. Finally, Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after purchasing an additional 870,176 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Henry R. Kravis sold 1,150,469 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 $137,826,186.20. Following the completion of the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 1.4%

KKR opened at $144.65 on Thursday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $128.83 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 1.54 and a beta of 1.87. The business's fifty day moving average is $134.14 and its two-hundred day moving average is $128.12. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.09 EPS. Analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays increased their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday. Oppenheimer lifted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, JMP Securities reissued 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. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average 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.

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