OMERS ADMINISTRATION Corp Has $2.82 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in KKR & Co. Inc. by 27.8%, now holding shares worth approximately $2.82 million after selling 9,400 shares in the first quarter.
• In the same period, multiple institutional investors increased their positions in KKR, with Vanguard Group purchasing an additional 870,176 shares, raising their stake by 1.5%.
• KKR recently announced a quarterly dividend of $0.185 per share, marking an increase from the previous dividend of $0.18, reflecting a continued commitment to returning value to shareholders.

OMERS ADMINISTRATION Corp cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 27.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,393 shares of the asset manager's stock after selling 9,400 shares during the period. OMERS ADMINISTRATION Corp's holdings in KKR & Co. Inc. were worth $2,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $844,137,000. Jennison Associates LLC lifted its position in shares of KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after buying an additional 4,306,290 shares during the period. Nuveen Asset Management LLC raised its stake 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 worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of KKR & Co. Inc. by 14.3% in the 1st 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 purchasing an additional 2,391,434 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Citigroup boosted their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $158.07.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 3.4%

Shares of KKR & Co. Inc. stock traded down $4.77 during trading on Wednesday, reaching $133.97. 2,122,733 shares of the company were exchanged, compared to its average volume of 4,747,365. The business has a 50-day moving average price of $141.67 and a 200-day moving average price of $126.13. The firm has a market capitalization of $119.36 billion, a price-to-earnings ratio of 62.31, a P/E/G ratio of 1.54 and a beta of 1.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month 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 for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the company posted $1.09 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is presently 34.42%.

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.