Privium Fund Management UK Ltd Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Privium Fund Management UK Ltd has invested approximately $3.26 million in KKR & Co. Inc., acquiring 27,000 shares of the company, making it the 10th largest holding in their portfolio.
• KKR & Co. Inc. announced an increase in its quarterly dividend to $0.185 per share, reflecting a yield of 0.5% and a payout ratio of 31.22%.
• Equities analysts have a generally positive outlook for KKR, with several firms raising their price targets and a current consensus of a "Moderate Buy" rating.

Privium Fund Management UK Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,000 shares of the asset manager's stock, valued at approximately $3,264,000. KKR & Co. Inc. comprises approximately 2.5% of Privium Fund Management UK Ltd's investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $34,000. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. during the first quarter valued at $38,000. Finally, GW&K Investment Management LLC lifted its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.0%

Shares of KKR traded up $2.81 during trading on Monday, reaching $145.36. 4,014,683 shares of the company traded hands, compared to its average volume of 3,627,369. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market cap of $129.46 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.87. The stock has a 50-day simple moving average of $133.14 and a 200-day simple moving average of $128.11. 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. (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. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the business earned $1.09 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is 34.42%.

Analyst Upgrades and Downgrades

KKR has been the topic of several research reports. Barclays raised their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer raised their price target 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, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $157.73.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. 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.