Engineers Gate Manager LP Purchases Shares of 33,761 KKR & Co. Inc. $KKR

Key Points

• Engineers Gate Manager LP acquired 33,761 shares of KKR in the second quarter, valued at approximately $3.1 million. Institutional investors and hedge funds collectively own 76.26% of the company.
• KKR reported quarterly earnings of $1.63 per share, beating analyst estimates of $1.43, on revenue of $5.73 billion. The company also maintains a quarterly dividend of $0.195 per share, equivalent to a 0.8% annual yield.
• Analysts maintain a generally positive outlook, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $130. An insider separately sold 10,000 shares at an average price of $108.58.

Engineers Gate Manager LP acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 33,761 shares of the asset manager's stock, valued at approximately $3,099,000.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $27,000. SouthState Bank Corp increased its position in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after buying an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $29,000. MV Capital Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $31,000. Finally, Hanson & Doremus Investment Management raised its stake in KKR & Co. Inc. by 83.3% in the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock valued at $31,000 after buying an additional 150 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.0%

Shares of KKR stock opened at $101.08 on Monday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $152.10. The company has a market capitalization of $90.73 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79. The firm has a 50 day moving average price of $103.86 and a two-hundred day moving average price of $97.98. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating the consensus estimate of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the prior year, the business earned $1.18 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a $0.195 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.'s payout ratio is 24.84%.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company's stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen raised their price objective on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Zacks Research raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Argus increased their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. Finally, BMO Capital Markets lifted their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $130.00.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR's investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

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