National Pension Service Grows Position in KKR & Co. Inc. $KKR

Key Points

• National Pension Service increased its KKR stake by 6.5% in the second quarter, adding 90,570 shares to own 1.48 million shares valued at approximately $135.4 million. Institutional investors collectively hold 76.26% of KKR.
• Analysts maintain a favorable outlook, with 12 Buy ratings and three Holds resulting in a consensus “Moderate Buy” rating and an average price target of $130.
• KKR reported quarterly EPS of $1.63, beating the $1.43 consensus estimate, while revenue reached $5.73 billion. The company also paid a quarterly dividend of $0.195 per share, equivalent to a 0.8% annualized yield.

National Pension Service raised its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,475,136 shares of the asset manager's stock after purchasing an additional 90,570 shares during the period. National Pension Service owned 0.16% of KKR & Co. Inc. worth $135,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Bancorp Inc. IN lifted its position in shares of KKR & Co. Inc. by 3.8% during the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager's stock valued at $243,000 after buying an additional 95 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in KKR & Co. Inc. by 34.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Wernau Asset Management Inc. increased its holdings in KKR & Co. Inc. by 1.0% in the 1st quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager's stock worth $1,006,000 after acquiring an additional 104 shares in the last quarter. Mission Wealth Management LP raised its stake in KKR & Co. Inc. by 0.5% during the 4th quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager's stock worth $2,622,000 after acquiring an additional 110 shares during the period. Finally, CYBER HORNET ETFs LLC raised its stake in KKR & Co. Inc. by 6.0% during the 4th quarter. CYBER HORNET ETFs LLC now owns 1,952 shares of the asset manager's stock worth $249,000 after acquiring an additional 111 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.20% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. Argus increased their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. HSBC raised their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, July 20th. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Finally, Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average price target of $130.00.

KKR & Co. Inc. Stock Down 3.1%

NYSE KKR opened at $100.83 on Friday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $90.51 billion, a PE ratio of 32.11, a P/E/G ratio of 0.98 and a beta of 1.79. The stock's 50 day moving average is $103.71 and its 200 day moving average is $97.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period last year, the firm posted $1.18 EPS. Research analysts predict that KKR & Co. Inc. will post 5.66 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 24.84%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR's investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

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