National Bank of Canada FI Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Key Points

• National Bank of Canada FI increased its stake in KKR & Co. Inc. by 44.0%, acquiring an additional 237,987 shares and bringing its total holdings to 778,692 shares worth $90 million.
• Analysts have positively revised their price targets for KKR, with Citigroup raising it from $160.00 to $170.00 and thirteen analysts currently rating the stock as a buy.
• KKR announced a quarterly dividend increase to $0.185 per share, reflecting a strong financial position and a payout ratio of 34.42%.

National Bank of Canada FI increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 44.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 778,692 shares of the asset manager's stock after acquiring an additional 237,987 shares during the period. National Bank of Canada FI owned approximately 0.09% of KKR & Co. Inc. worth $90,078,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KKR. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $38,000. GW&K Investment Management LLC grew its position in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after acquiring an additional 111 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $46,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were 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 of the company's stock, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

KKR traded down $1.06 during trading on Monday, reaching $141.61. The company's stock had a trading volume of 1,818,626 shares, compared to its average volume of 3,493,415. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $135.84 and a two-hundred day simple moving average of $127.34. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $126.12 billion, a price-to-earnings ratio of 65.86, a PEG ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 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 12.95% and a return on equity of 6.42%. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, analysts anticipate 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. Stockholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend 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 presently 34.42%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of analyst reports. Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wells Fargo & Company lifted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Citigroup lifted their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.73.

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.