Aberdeen Group plc Increases Stake in KKR & Co. Inc. $KKR

Key Points

• Aberdeen Group plc has increased its holdings in KKR & Co. Inc. by 23.5%, owning 266,649 shares valued at approximately $30.47 million as of its latest SEC filing.
• KKR & Co. Inc. declared a quarterly dividend of $0.185 per share, representing an annualized $0.74, which is an increase from the previous dividend of $0.18.
• The company's stock has a market cap of $126.76 billion and reported earnings per share of $1.18 exceeding analyst estimates of $1.14 for the most recent quarter.

Aberdeen Group plc raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 266,649 shares of the asset manager's stock after buying an additional 50,779 shares during the quarter. Aberdeen Group plc's holdings in KKR & Co. Inc. were worth $30,466,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $50,199,000. National Bank of Canada FI grew its stake in shares of KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after purchasing an additional 237,987 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after purchasing an additional 2,006 shares during the period. Finally, CWM LLC grew its stake in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after purchasing an additional 398 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $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. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction dated 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 directly owned 73,006,022 shares in the company, valued at $8,882,642,696.74. This 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 ninety days. 39.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Citigroup upped their price target 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. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Barclays upped their price target 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. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $0.4020 during trading hours on Thursday, reaching $137.6880. The company's stock had a trading volume of 2,578,550 shares, compared to its average volume of 4,839,268. The stock has a market cap of $122.67 billion, a PE ratio of 64.04, a PEG ratio of 1.53 and a beta of 1.87. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company's 50-day moving average is $138.69 and its two-hundred day moving average is $126.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.86 billion for 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 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 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.