Junto Capital Management LP Takes $38.66 Million Position in KKR & Co. Inc. $KKR

Key Points

• Junto Capital Management LP has made a significant investment of approximately $38.66 million in KKR & Co. Inc. by acquiring 334,366 shares during the first quarter of the year.
• Increased institutional interest is evident as 76.26% of KKR's stock is now owned by institutional investors, with several funds boosting their stakes.
• KKR recently announced an increase in its quarterly dividend to $0.185 per share, reflecting a 0.5% dividend yield, up from the previous $0.18.

Junto Capital Management LP bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 334,366 shares of the asset manager's stock, valued at approximately $38,656,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. in the first quarter worth $38,000. GW&K Investment Management LLC increased its position in KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 3.0%

Shares of NYSE:KKR traded down $4.14 during midday trading on Wednesday, reaching $134.60. The company had a trading volume of 3,812,572 shares, compared to its average volume of 4,759,395. 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. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market cap of $119.92 billion, a price-to-earnings ratio of 62.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.93. The company has a fifty day simple moving average of $141.67 and a two-hundred day simple moving average of $126.13.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.09 EPS. Research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. 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 report on Wednesday, July 9th. Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note 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's stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of 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 available at this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Company 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.