Credit Agricole S A Has $103.87 Million Stock Position in KKR & Co. Inc. $KKR

Key Points

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Credit Agricole S A raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 271.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898,483 shares of the asset manager's stock after buying an additional 656,706 shares during the quarter. Credit Agricole S A owned 0.10% of KKR & Co. Inc. worth $103,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $38,000. GW&K Investment Management LLC grew its holdings in shares of 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 worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock worth $413,158,033 over the last ninety days. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. HSBC lowered 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. Oppenheimer upped their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.73.

KKR & Co. Inc. Trading Up 2.8%

KKR & Co. Inc. stock traded up $3.8310 during trading hours on Friday, hitting $141.6710. The stock had a trading volume of 4,084,502 shares, compared to its average volume of 4,840,667. 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 cap of $126.22 billion, a price-to-earnings ratio of 65.89, a P/E/G ratio of 1.52 and a beta of 1.87. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business's 50 day simple moving average is $139.35 and its 200-day simple moving average is $126.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations 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 company posted $1.09 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.185 per share. 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%.

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.