KKR & Co. Inc. $KKR Shares Bought by TRB Advisors LP

Key Points

• TRB Advisors LP increased its stake in KKR & Co. Inc. by 23.3% during the second quarter, owning 185,000 shares valued at approximately $24.6 million.
• KKR & Co. Inc. reported $1.18 earnings per share for its latest quarter, exceeding the consensus estimate of $1.14, with a revenue of $1.86 billion.
• The company declared a new quarterly dividend of $0.185 per share, which is an increase from the prior dividend of $0.18, yielding 0.6% annually.

TRB Advisors LP boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,000 shares of the asset manager's stock after acquiring an additional 35,000 shares during the quarter. KKR & Co. Inc. comprises 5.9% of TRB Advisors LP's investment portfolio, making the stock its 6th biggest holding. TRB Advisors LP's holdings in KKR & Co. Inc. were worth $24,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its position in KKR & Co. Inc. by 13.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock worth $78,000 after acquiring an additional 72 shares during the period. PFG Advisors lifted its position in KKR & Co. Inc. by 4.5% during the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after acquiring an additional 90 shares during the period. Chemistry Wealth Management LLC lifted its position in KKR & Co. Inc. by 0.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager's stock worth $1,628,000 after acquiring an additional 90 shares during the period. Wealthcare Advisory Partners LLC lifted its position in KKR & Co. Inc. by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager's stock worth $1,479,000 after acquiring an additional 91 shares during the period. Finally, First Bank & Trust lifted its position in KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $117.69 on Monday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market capitalization of $104.86 billion, a P/E ratio of 54.74, a PEG ratio of 1.32 and a beta of 1.91. The business has a 50 day moving average price of $136.23 and a 200 day moving average price of $128.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.09 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KKR. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Oppenheimer cut their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating for the company in a research note on Tuesday, October 14th. Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $156.20.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction 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 transaction, the chairman 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company's stock.

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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