Dimensional Fund Advisors LP Increases Stake in KKR & Co. Inc. $KKR

Key Points

• Dimensional Fund Advisors LP increased its stake in KKR & Co. Inc. by 1.1%, acquiring an additional 16,834 shares, bringing its total holdings to approximately $181 million.
• Meanwhile, KKR's Director Timothy R. Barakett bought 35,000 shares valued at over $4 million, while Chairman Henry R. Kravis sold more than 1.1 million shares worth approximately $138 million.
• KKR recently announced an increase in its quarterly dividend to $0.185 per share, reflecting a commitment to returning value to shareholders amidst a market cap of approximately $123.69 billion.

Dimensional Fund Advisors LP boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,566,546 shares of the asset manager's stock after purchasing an additional 16,834 shares during the quarter. Dimensional Fund Advisors LP owned about 0.18% of KKR & Co. Inc. worth $181,069,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the 1st quarter valued at $38,000. GW&K Investment Management LLC raised its stake in KKR & Co. Inc. by 44.6% in the 1st 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 last quarter. Finally, SouthState Corp purchased a new stake in KKR & Co. Inc. in the 1st quarter valued at $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,281,394 shares of company stock worth $413,158,033. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 2.8%

Shares of NYSE KKR traded up $3.8310 during mid-day trading on Friday, reaching $141.6710. 4,084,502 shares of the company's stock were exchanged, compared to its average volume of 3,227,708. The firm has a market capitalization of $126.22 billion, a price-to-earnings ratio of 65.89, a PEG ratio of 1.52 and a beta of 1.87. 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. has a 52-week low of $86.15 and a 52-week high of $170.40. The company's 50-day moving average is $139.35 and its 200-day moving average is $126.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the business posted $1.09 EPS. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be paid 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 is presently 34.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on KKR. Citigroup upped 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. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.73.

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.