KKR & Co. Inc. $KKR Shares Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. has significantly increased its holdings in KKR & Co. Inc. by 66.8%, now owning 8,393 shares valued at approximately $970,000.
• KKR & Co. Inc. recently announced a quarterly dividend increase from $0.18 to $0.185 per share, with a yield of 0.5% and a dividend payout ratio of 34.42%.
• In the latest quarterly results, KKR reported earnings per share of $1.18, exceeding the consensus estimate by $0.04, and revenue of $1.86 billion.

Compound Planning Inc. grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 66.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,393 shares of the asset manager's stock after purchasing an additional 3,362 shares during the period. Compound Planning Inc.'s holdings in KKR & Co. Inc. were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $31,000. Ameriflex Group Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $46,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the 1st quarter worth about $38,000. Finally, GW&K Investment Management LLC lifted its stake in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.0%

Shares of KKR traded up $0.05 during mid-day trading on Friday, reaching $140.14. The company's stock had a trading volume of 700,042 shares, compared to its average volume of 4,768,402. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $124.86 billion, a PE ratio of 65.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company's 50 day moving average is $140.76 and its 200 day moving average is $126.25.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer upped their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Citigroup upped their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Evercore ISI upped their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Piper Sandler assumed coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on 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 approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock valued at $413,158,033 over the last ninety days. 39.34% of the stock is owned by insiders.

About KKR & Co. Inc.

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.