KKR & Co. Inc. (NYSE:KKR) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in KKR & Co. Inc. by 24.4%, selling 11,764 shares and ending the quarter with assets worth approximately $4.2 million.
• Director Timothy R. Barakett acquired 35,000 shares at $117.92 per share, increasing his ownership stake by 23.33%, while Chairman George R. Roberts sold 809,906 shares, resulting in a 0.99% decrease in his ownership.
• KKR recently announced a quarterly dividend of $0.185 per share, up from the previous dividend of $0.18, reflecting a 0.5% annual yield and a payout ratio of 34.42%.

Gulf International Bank UK Ltd lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 24.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 36,477 shares of the asset manager's stock after selling 11,764 shares during the quarter. Gulf International Bank UK Ltd's holdings in KKR & Co. Inc. were worth $4,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC lifted its position in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares during the period. Townsquare Capital LLC lifted its position in KKR & Co. Inc. by 47.6% during the 4th quarter. Townsquare Capital LLC now owns 20,530 shares of the asset manager's stock worth $3,037,000 after acquiring an additional 6,617 shares during the period. Synovus Financial Corp lifted its position in KKR & Co. Inc. by 1.3% during the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock worth $1,230,000 after acquiring an additional 110 shares during the period. CreativeOne Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $285,000. Finally, Evergreen Capital Management LLC lifted its position in KKR & Co. Inc. by 5.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,577 shares of the asset manager's stock worth $529,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Insiders Place Their Bets

In other news, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the purchase, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,281,394 shares of company stock worth $413,158,033. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $147.43 on Thursday. 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 twelve month low of $86.15 and a twelve month high of $170.40. The business has a 50-day moving average price of $136.91 and a 200 day moving average price of $127.62. The firm has a market cap of $131.35 billion, a PE ratio of 68.57, a P/E/G ratio of 1.59 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed 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 positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s payout ratio is 34.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities reissued a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Citigroup boosted their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.73.

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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