KKR & Co. Inc. $KKR Shares Acquired by Unisphere Establishment

Key Points

• Unisphere Establishment has increased its holdings in KKR & Co. Inc. by 1,594.5%, acquiring over 1.2 million shares, which now makes up about 1.3% of its investment portfolio.
• Several analysts have upgraded their price targets for KKR, with Barclays raising its target to $165 and Keefe, Bruyette & Woods to $162, while maintaining a consensus rating of "Moderate Buy."
• KKR recently declared a quarterly dividend of $0.185 per share, reflecting a slight increase from its previous dividend, with a yield of 0.5% and a payout ratio of 34.42%.

Unisphere Establishment lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1,594.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,262,400 shares of the asset manager's stock after purchasing an additional 1,187,900 shares during the quarter. KKR & Co. Inc. comprises about 1.3% of Unisphere Establishment's investment portfolio, making the stock its 24th biggest position. Unisphere Establishment owned about 0.14% of KKR & Co. Inc. worth $145,946,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $31,000. Saudi Central Bank acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $46,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $38,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Evercore ISI upped their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barclays upped their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.07.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $139.61 on Tuesday. 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 firm has a market capitalization of $124.38 billion, a price-to-earnings ratio of 64.93, a PEG ratio of 1.54 and a beta of 1.93. The firm's fifty day simple moving average is $141.45 and its 200 day simple moving average is $126.04. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $1.09 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share 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 issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

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.

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