Mediolanum International Funds Ltd Buys 105,180 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

• Mediolanum International Funds Ltd has increased its stake in KKR & Co. Inc. by 65.6%, holding a total of 265,547 shares valued at approximately $30.5 million.
• Insiders have sold a total of 8.47 million shares of KKR stock in the past 90 days, indicating significant transactions by top executives, including Chairman George R. Roberts.
• KKR has recently declared an increased dividend of $0.185 per share, up from the previous $0.17, with a dividend yield of 0.64%.

Mediolanum International Funds Ltd boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 65.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,547 shares of the asset manager's stock after purchasing an additional 105,180 shares during the period. Mediolanum International Funds Ltd's holdings in KKR & Co. Inc. were worth $30,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Congress Wealth Management LLC DE bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $360,000. Modern Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $257,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of KKR & Co. Inc. by 9.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,028,820 shares of the asset manager's stock valued at $156,412,000 after buying an additional 92,118 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in shares of KKR & Co. Inc. by 29.2% in the 4th quarter. NEOS Investment Management LLC now owns 33,015 shares of the asset manager's stock valued at $4,883,000 after buying an additional 7,453 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director owned 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded up $0.63 during midday trading on Wednesday, hitting $151.63. 1,140,068 shares of the company's stock were exchanged, compared to its average volume of 5,002,393. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a 50-day moving average price of $131.42 and a two-hundred day moving average price of $128.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $135.05 billion, a P/E ratio of 63.99, a PEG ratio of 1.69 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the business earned $0.97 EPS. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KKR. TD Cowen cut their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Citigroup lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.33.

KKR & Co. Inc. Company 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.