FJ Capital Management LLC Buys New Stake in KKR & Co. Inc. $KKR

Key Points

• FJ Capital Management LLC acquired a new stake in KKR & Co. Inc., purchasing 7,424 shares valued at approximately $858,000.
• KKR recently reported earnings of $1.18 per share for the quarter, surpassing analysts' expectations, alongside a revenue of $1.86 billion.
• The company announced an increase in its quarterly dividend to $0.185 per share, reflecting positive growth and a 0.5% dividend yield.

FJ Capital Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,424 shares of the asset manager's stock, valued at approximately $858,000.

Several other large investors have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $46,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. during the first quarter worth $38,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $4.14 during trading hours on Wednesday, hitting $134.60. The stock had a trading volume of 3,812,613 shares, compared to its average volume of 2,812,390. The firm has a market capitalization of $119.92 billion, a PE ratio of 62.60, a PEG ratio of 1.54 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a fifty day moving average price of $141.78 and a 200 day moving average price of $126.19. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

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 (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $1.09 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend 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 currently 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KKR shares. Piper Sandler started coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Evercore ISI increased their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $158.07.

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.