KKR & Co. Inc. $KKR Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in KKR & Co. Inc. by 5.9%, acquiring an additional 6,473 shares, bringing its total holdings to 116,999 shares valued at approximately $15.56 million.
• Multiple analysts have upgraded KKR’s stock ratings recently, with price targets increasing to as high as $165.00, reflecting a consensus rating of "Moderate Buy" among twelve investment analysts.
• KKR & Co. Inc. declared a quarterly dividend of $0.185 per share, up from $0.18, indicating a commitment to returning value to shareholders.

IFM Investors Pty Ltd lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,999 shares of the asset manager's stock after acquiring an additional 6,473 shares during the period. IFM Investors Pty Ltd's holdings in KKR & Co. Inc. were worth $15,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Saudi Central Bank acquired a new stake in KKR & Co. Inc. in the first quarter valued at approximately $28,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at $38,000. GW&K Investment Management LLC boosted its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

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 stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Down 0.3%

KKR traded down $0.38 during trading on Friday, hitting $148.96. 8,790,000 shares of the company's stock traded hands, compared to its average volume of 2,819,594. The stock has a market capitalization of $132.72 billion, a price-to-earnings ratio of 69.28, a PEG ratio of 1.64 and a beta of 1.93. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company's 50 day simple moving average is $143.13 and its two-hundred day simple moving average is $126.96.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given 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 yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Citigroup raised their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Barclays increased their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.07.

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.