JSF Financial LLC Buys Shares of 2,232 KKR & Co. Inc. (NYSE:KKR)

Key Points

• JSF Financial LLC has invested approximately $258,000 in KKR & Co. Inc., acquiring 2,232 shares, marking a new position for the firm.
• KKR & Co. Inc. reported a quarterly earnings per share of $1.15, beating estimates, though its revenue decreased by 67.8% year-over-year.
• The company recently declared an increase in its dividend to $0.185 per share, up from $0.17, reflecting a yield of 0.64%.

JSF Financial LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,232 shares of the asset manager's stock, valued at approximately $258,000.

Several other institutional investors have also modified their holdings of KKR. Jennison Associates LLC lifted its stake in KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. GAMMA Investing LLC lifted its stake in KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after acquiring an additional 1,145,158 shares in the last quarter. Finally, FMR LLC increased its position in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after purchasing an additional 752,056 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $4.94 during trading hours on Friday, hitting $141.64. 3,137,405 shares of the company were exchanged, compared to its average volume of 5,004,397. The company has a market cap of $126.15 billion, a price-to-earnings ratio of 59.76, a P/E/G ratio of 1.67 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average is $132.64 and its 200 day moving average is $128.44.

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, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. During the same period in the prior year, the firm posted $1.09 EPS. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock worth $501,529,092 over the last quarter. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on KKR. Oppenheimer boosted their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, JMP Securities restated a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

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.