KKR & Co. Inc. (NYSE:KKR) Stock Holdings Increased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in KKR & Co. Inc. by 493.5%, owning 14,267 shares worth approximately $1.65 million after acquiring an additional 11,863 shares in the first quarter.
• KKR & Co. Inc. reported an earnings per share (EPS) of $1.18 for the recent quarter, surpassing analysts' expectations of $1.14, with quarterly revenue of $1.86 billion.
• The company declared a new quarterly dividend of $0.185, reflecting a positive change from the previous dividend of $0.18, with an annualized yield of 0.5%.

XTX Topco Ltd lifted its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 493.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,267 shares of the asset manager's stock after purchasing an additional 11,863 shares during the quarter. XTX Topco Ltd's holdings in KKR & Co. Inc. were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. FMR LLC raised its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Northern Trust Corp raised its position in KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock valued at $909,741,000 after acquiring an additional 600,696 shares in the last quarter. Finally, Jennison Associates LLC raised its position in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 2.7%

Shares of KKR & Co. Inc. stock opened at $146.42 on Friday. The firm has a market capitalization of $130.41 billion, a PE ratio of 61.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company's fifty day moving average price is $132.64 and its two-hundred day moving average price is $128.44. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

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 (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is 31.22%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on KKR shares. Bank of America cut their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. JMP Securities reissued a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target on the stock. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, Citigroup lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.33.

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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