National Pension Service Has $155.75 Million Stake in KKR & Co. Inc. $KKR

Key Points

• The National Pension Service increased its stake in KKR & Co. Inc. by 6.3%, owning a total of 1,347,158 shares worth $155,745,000 after acquiring an additional 79,417 shares.
• KKR & Co. Inc. recently declared a quarterly dividend of $0.185 per share, up from the previous $0.18, yielding 0.5% on an annualized basis.
• Analysts have given KKR a consensus price target of $157.73, with a majority rating it as a Moderate Buy, reflecting positive sentiment in the market.

National Pension Service boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,347,158 shares of the asset manager's stock after purchasing an additional 79,417 shares during the period. National Pension Service owned about 0.15% of KKR & Co. Inc. worth $155,745,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. lifted its stake in KKR & Co. Inc. by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 192,820 shares of the asset manager's stock valued at $22,269,000 after purchasing an additional 14,925 shares during the last quarter. Rathbones Group PLC lifted its stake in KKR & Co. Inc. by 94.7% in the 1st quarter. Rathbones Group PLC now owns 657,186 shares of the asset manager's stock valued at $75,977,000 after purchasing an additional 319,704 shares during the last quarter. Callan Family Office LLC lifted its stake in KKR & Co. Inc. by 131.9% in the 1st quarter. Callan Family Office LLC now owns 4,631 shares of the asset manager's stock valued at $535,000 after purchasing an additional 2,634 shares during the last quarter. AGF Management Ltd. raised its holdings in KKR & Co. Inc. by 8,851.7% in the 1st quarter. AGF Management Ltd. now owns 870,191 shares of the asset manager's stock valued at $100,603,000 after acquiring an additional 860,470 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in KKR & Co. Inc. by 3.1% in the 1st quarter. Public Sector Pension Investment Board now owns 180,543 shares of the asset manager's stock valued at $20,873,000 after acquiring an additional 5,407 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Citigroup increased their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a report on Friday, August 1st. JMP Securities reissued a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. 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.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $1.19 during trading hours on Monday, hitting $141.09. 2,912,975 shares of the stock were exchanged, compared to its average volume of 4,883,172. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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 $125.70 billion, a PE ratio of 65.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. The company's fifty day simple moving average is $137.80 and its two-hundred day simple moving average is $126.79.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.09 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis 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 dividend payout ratio (DPR) is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction 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 transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 over the last quarter. Corporate insiders own 39.34% of the company's stock.

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.