BI Asset Management Fondsmaeglerselskab A S Has $3.32 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in KKR & Co. Inc. by 44.7%, selling 23,258 shares and ending with a total of 28,737 shares valued at approximately $3.32 million.
• During the first quarter, significant acquisitions occurred as Vanguard Group Inc. and Massachusetts Financial Services Co. MA increased their holdings in KKR, emphasizing strong institutional interest with 76.26% of the stock owned by institutional investors.
• KKR recently announced an increase in its quarterly dividend from $0.18 to $0.185 per share, reflecting a payout ratio of 34.42% and highlighting its commitment to returning value to shareholders.

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 44.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,737 shares of the asset manager's stock after selling 23,258 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in KKR & Co. Inc. were worth $3,322,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $31,000. Ameriflex Group Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $46,000. Mountain Hill Investment Partners Corp. bought a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $38,000. Finally, GW&K Investment Management LLC boosted its stake in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 2.8%

NYSE KKR traded up $3.8310 during trading on Friday, reaching $141.6710. 4,084,502 shares of the stock traded hands, compared to its average volume of 3,227,708. The firm has a market cap of $126.22 billion, a price-to-earnings ratio of 65.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.87. The stock's 50-day moving average price is $139.35 and its 200 day moving average price is $126.35. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm 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 quarter in the previous year, the company earned $1.09 earnings per share. Analysts predict 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 will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. HSBC lowered 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 note on Wednesday, July 9th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays raised their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.73.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's 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 sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares in the company, valued at $8,882,642,696.74. This trade represents 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 worth $413,158,033 over the last 90 days. Corporate 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.