Czech National Bank Increases Stake in KKR & Co. Inc. $KKR

Key Points

• The Czech National Bank increased its stake in KKR & Co. Inc. by 6.7%, acquiring a total of 165,455 shares, valued at approximately $22 million.
• KKR reported a quarterly earnings per share (EPS) of $1.18, surpassing analysts' expectations of $1.14, with a revenue of $1.86 billion.
• KKR recently declared a quarterly dividend of $0.185 per share, reflecting an increase from its previous dividend of $0.18, with a dividend yield of 0.5%.

Czech National Bank boosted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,455 shares of the asset manager's stock after purchasing an additional 10,406 shares during the period. Czech National Bank's holdings in KKR & Co. Inc. were worth $22,010,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $31,000. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. during the first quarter valued at $28,000. Ameriflex Group Inc. bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $46,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. in the first quarter valued at about $38,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR stock opened at $144.29 on Wednesday. The firm has a 50 day moving average of $142.74 and a 200-day moving average of $126.49. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month 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 company has a market cap of $128.56 billion, a price-to-earnings ratio of 67.11, a PEG ratio of 1.59 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $1.09 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred on 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 directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KKR. Barclays increased their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Oppenheimer raised their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.07.

About KKR & Co. Inc.

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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