KKR & Co. Inc. $KKR Shares Purchased by Stephens Inc. AR

Key Points

• Stephens Inc. AR increased its holdings in KKR & Co. Inc. by 15.1%, owning 173,526 shares valued at over $23 million, after acquiring additional shares during the 2nd quarter.
• Research firms have mixed reviews on KKR, with Citigroup lowering its price target to $150 while Evercore ISI raised it to $150; KKR has a consensus rating of "Moderate Buy."
• KKR recently announced a quarterly dividend increase to $0.185 per share, with a current yield of 0.6%, and has seen considerable insider activity, including the chairman selling over $116 million in shares.

Stephens Inc. AR grew its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 15.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,526 shares of the asset manager's stock after acquiring an additional 22,781 shares during the quarter. Stephens Inc. AR's holdings in KKR & Co. Inc. were worth $23,084,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the first quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. raised its stake in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock valued at $37,000 after acquiring an additional 245 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $38,000. GW&K Investment Management LLC lifted its holdings in shares of 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 valued at $42,000 after acquiring an additional 111 shares in the last quarter. Finally, SouthState Corp purchased a new stake in KKR & Co. Inc. during the 1st quarter worth $44,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on KKR. Citigroup cut their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. 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 report on Thursday, July 10th. Weiss Ratings cut KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating for the company in a research report on Tuesday, October 14th. Finally, HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research report on Wednesday, July 9th. One research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $156.20.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $117.69 on Monday. The stock has a market capitalization of $104.86 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 1.32 and a beta of 1.91. The business's fifty day moving average price is $136.23 and its 200 day moving average price is $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. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.09 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.'s payout ratio is presently 34.42%.

Insider Activity at KKR & Co. Inc.

In other 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 sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.

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.

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