KKR & Co. Inc. $KKR Holdings Raised by Golden State Equity Partners

Key Points

• Golden State Equity Partners increased its stake in KKR & Co. Inc. by 73.9% during the second quarter, bringing its holdings to over $1.33 million in value.
• KKR & Co. Inc. recently declared a quarterly dividend of $0.185, representing a 0.5% dividend yield, an increase from the previous quarterly dividend.
• Shares of KKR opened at $148.96 with a market capitalization of $132.72 billion, while receiving a consensus rating of "Moderate Buy" from analysts.

Golden State Equity Partners grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 73.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,033 shares of the asset manager's stock after purchasing an additional 4,263 shares during the period. Golden State Equity Partners' holdings in KKR & Co. Inc. were worth $1,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ bought a new position in KKR & Co. Inc. in the 4th quarter worth about $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $50,199,000. National Bank of Canada FI boosted its holdings in shares of KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after acquiring an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after acquiring an additional 2,006 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after acquiring an additional 398 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded down $2.11 on Monday, hitting $146.81. 3,652,013 shares of the company's stock traded hands, compared to its average volume of 3,055,045. 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 stock has a market cap of $130.80 billion, a price-to-earnings ratio of 68.28, a P/E/G ratio of 1.64 and a beta of 1.93. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock has a fifty day moving average of $143.27 and a 200-day moving average of $127.26.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, analysts forecast 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 given a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KKR. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective for the company. JMP Securities reiterated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. 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. Finally, Citigroup increased 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. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

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 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 sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.

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.