Dynamic Technology Lab Private Ltd Raises Stock Position in KKR & Co. Inc. $KKR

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in KKR & Co. Inc. by 98.7%, now holding 11,070 shares valued at approximately $1.28 million.
• KKR's quarterly earnings surpassed expectations, with $1.18 earnings per share reported, exceeding the consensus estimate by $0.04.
• The company recently announced a dividend increase to $0.185, reflecting a payout ratio of 34.42% and an annualized yield of 0.5%.

Dynamic Technology Lab Private Ltd boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 98.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 11,070 shares of the asset manager's stock after acquiring an additional 5,500 shares during the period. Dynamic Technology Lab Private Ltd's holdings in KKR & Co. Inc. were worth $1,280,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KKR. Lansforsakringar Fondforvaltning AB publ purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $50,199,000. National Bank of Canada FI grew its holdings in shares of KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after buying an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 39.6% during the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after buying an additional 2,006 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of KKR & Co. Inc. by 4.6% during the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after buying an additional 398 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.4%

KKR traded up $1.89 on Wednesday, hitting $139.28. The company had a trading volume of 2,499,830 shares, compared to its average volume of 2,851,139. The firm has a market cap of $124.09 billion, a P/E ratio of 64.78, a PEG ratio of 1.51 and a beta of 1.93. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company's fifty day moving average price is $142.20 and its 200 day moving average price is $126.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $1.09 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KKR shares. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Citigroup upped their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction dated 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 sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by company insiders.

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.