Edmond DE Rothschild Holding S.A. Increases Stock Position in KKR & Co. Inc. $KKR

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in KKR & Co. Inc. by 20.1% in the first quarter, owning 28,852 shares valued at approximately $3.34 million.
• Several hedge funds, including Clark Capital Management Group and Alyeska Investment Group, significantly boosted their holdings in KKR during the same period, reflecting strong institutional interest.
• KKR recently declared a quarterly dividend of $0.185, up from $0.18, with an annualized yield of 0.5%, showcasing the company's commitment to returning value to shareholders.

Edmond DE Rothschild Holding S.A. boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,852 shares of the asset manager's stock after buying an additional 4,821 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in KKR & Co. Inc. were worth $3,336,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Clark Capital Management Group Inc. boosted its stake in KKR & Co. Inc. by 983.4% during the first quarter. Clark Capital Management Group Inc. now owns 16,944 shares of the asset manager's stock worth $1,959,000 after buying an additional 15,380 shares during the period. Bain Capital Public Equity LP boosted its stake in KKR & Co. Inc. by 31.5% during the first quarter. Bain Capital Public Equity LP now owns 38,535 shares of the asset manager's stock worth $4,455,000 after buying an additional 9,230 shares during the period. Alliancebernstein L.P. boosted its stake in KKR & Co. Inc. by 0.5% during the first quarter. Alliancebernstein L.P. now owns 850,016 shares of the asset manager's stock worth $98,270,000 after buying an additional 4,380 shares during the period. Ariel Investments LLC boosted its stake in KKR & Co. Inc. by 17.0% during the first quarter. Ariel Investments LLC now owns 275,025 shares of the asset manager's stock worth $31,796,000 after buying an additional 39,933 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in KKR & Co. Inc. by 266.4% during the first quarter. Alyeska Investment Group L.P. now owns 523,288 shares of the asset manager's stock worth $60,497,000 after buying an additional 380,473 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 1.8%

Shares of KKR stock opened at $137.30 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a 50 day moving average price of $141.88 and a 200 day moving average price of $126.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $122.33 billion, a P/E ratio of 63.86, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned $1.09 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. JMP Securities reaffirmed 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. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

KKR & Co. Inc. Company 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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