Eisler Capital Management Ltd. Acquires New Shares in KKR & Co. Inc. $KKR

Key Points

• Eisler Capital Management Ltd. has acquired 157,500 shares of KKR & Co. Inc. valued at approximately $18.2 million, becoming its 24th largest position in the firm's portfolio.
• Insider transactions include significant sales by Chairman Henry R. Kravis and Chairman George R. Roberts, who sold over 3 million shares combined, reflecting a decrease in their ownership of the stock.
• Research firms have raised price targets for KKR & Co. Inc., with analysts giving the company a consensus rating of "Moderate Buy" and a price target of $158.07.

Eisler Capital Management Ltd. acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 157,500 shares of the asset manager's stock, valued at approximately $18,202,000. KKR & Co. Inc. makes up 0.1% of Eisler Capital Management Ltd.'s investment portfolio, making the stock its 24th largest position.

Other hedge funds have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in KKR & Co. Inc. during the first quarter worth $462,000. B. Metzler seel. Sohn & Co. AG increased its position in KKR & Co. Inc. by 14.2% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 50,765 shares of the asset manager's stock worth $5,869,000 after buying an additional 6,316 shares in the last quarter. CreativeOne Wealth LLC increased its position in KKR & Co. Inc. by 35.9% during the first quarter. CreativeOne Wealth LLC now owns 2,615 shares of the asset manager's stock worth $302,000 after buying an additional 691 shares in the last quarter. Ieq Capital LLC increased its position in KKR & Co. Inc. by 1,165.8% during the first quarter. Ieq Capital LLC now owns 61,634 shares of the asset manager's stock worth $7,125,000 after buying an additional 56,765 shares in the last quarter. Finally, Samalin Investment Counsel LLC increased its position in KKR & Co. Inc. by 22.4% during the first quarter. Samalin Investment Counsel LLC now owns 4,932 shares of the asset manager's stock worth $570,000 after buying an additional 904 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction 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 owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 3,281,394 shares of company stock worth $413,158,033 in the last quarter. 39.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on KKR. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Barclays raised their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective 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 Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $140.06 on Wednesday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market capitalization of $124.79 billion, a P/E ratio of 65.14, a PEG ratio of 1.53 and a beta of 1.87. 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 business's fifty day moving average price is $140.04 and its 200 day moving average price is $126.21.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the firm earned $1.09 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a $0.185 dividend. 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. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.