FORA Capital LLC Makes New $248,000 Investment in KKR & Co. Inc. $KKR

Key Points

• FORA Capital LLC purchased 2,148 shares of KKR & Co. Inc. for approximately $248,000, according to their recent 13F filing with the SEC.
• KKR's chairman, Henry R. Kravis, and George R. Roberts each sold over 1 million shares in June, with Kravis’s sale totaling approximately $137.8 million.
• KKR has increased its quarterly dividend to $0.185 per share, reflecting a rise from the previous $0.18, with a current dividend yield of 0.5%.

FORA Capital LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,148 shares of the asset manager's stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the 1st quarter valued at $38,000. GW&K Investment Management LLC increased its stake in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after buying an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. in the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm'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 of the company's stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the topic of several recent research reports. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Citigroup upped their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $4.99 during trading hours on Wednesday, reaching $133.75. The company's stock had a trading volume of 1,800,851 shares, compared to its average volume of 4,746,531. The stock has a market cap of $119.16 billion, a PE ratio of 62.24, a PEG ratio of 1.54 and a beta of 1.93. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company's 50-day moving average is $141.67 and its two-hundred day moving average is $126.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm earned $1.09 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is 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.