Triavera Capital LLC Acquires 4,347 Shares of KKR & Co. Inc. $KKR

Key Points

• Triavera Capital LLC increased its holdings in KKR & Co. Inc. by 4.9% during Q1, owning 92,938 shares valued at approximately $10.74 million, making it the 5th largest position in their portfolio.
• KKR's stock has seen significant interest from other institutional investors, with 76.26% of the stock now owned by hedge funds and other institutions, indicating a strong institutional confidence in the asset manager.
• KKR & Co. Inc. reported Q2 earnings of $1.18 EPS, surpassing analyst estimates, while also announcing an increase in its quarterly dividend to $0.185 per share.

Triavera Capital LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,938 shares of the asset manager's stock after buying an additional 4,347 shares during the quarter. KKR & Co. Inc. makes up about 6.2% of Triavera Capital LLC's portfolio, making the stock its 5th biggest position. Triavera Capital LLC's holdings in KKR & Co. Inc. were worth $10,745,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in 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. purchased a new position in KKR & Co. Inc. in the 4th quarter worth $46,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. in the 1st quarter worth $38,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KKR shares. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Barclays raised their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, JMP Securities reiterated a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Stock Performance

KKR traded up $1.89 during trading on Wednesday, hitting $139.28. 2,499,830 shares of the stock were exchanged, compared to its average volume of 4,703,325. The stock has a fifty day moving average price of $142.20 and a two-hundred day moving average price of $126.19. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $124.09 billion, a P/E ratio of 64.78, a PEG ratio of 1.53 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $1.09 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Insider Activity

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 shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.