Public Sector Pension Investment Board Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Public Sector Pension Investment Board increased its stake in KKR & Co. Inc. by 3.1%, acquiring an additional 5,407 shares, bringing its total holdings to 180,543 shares valued at approximately $20.87 million.
• KKR & Co. Inc. announced a quarterly dividend increase to $0.185 per share, up from the previous $0.18, reflecting a 0.5% yield.
• The company's stock has shown resilience, with a recent earnings report beating analysts' expectations, posting an EPS of $1.18 against a consensus of $1.14.

Public Sector Pension Investment Board raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,543 shares of the asset manager's stock after buying an additional 5,407 shares during the period. Public Sector Pension Investment Board's holdings in KKR & Co. Inc. were worth $20,873,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ballast Inc. lifted its holdings in KKR & Co. Inc. by 16.2% in the first quarter. Ballast Inc. now owns 2,905 shares of the asset manager's stock valued at $336,000 after buying an additional 405 shares during the period. Meridian Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 7.5% during the first quarter. Meridian Wealth Management LLC now owns 4,149 shares of the asset manager's stock worth $480,000 after acquiring an additional 291 shares in the last quarter. Independent Advisor Alliance increased its position in shares of KKR & Co. Inc. by 3.6% during the first quarter. Independent Advisor Alliance now owns 16,501 shares of the asset manager's stock worth $1,908,000 after acquiring an additional 568 shares in the last quarter. Cove Private Wealth LLC bought a new stake in KKR & Co. Inc. in the 1st quarter worth about $1,105,000. Finally, Linscomb Wealth Inc. grew its position in KKR & Co. Inc. by 6.2% in the 1st quarter. Linscomb Wealth Inc. now owns 7,433 shares of the asset manager's stock worth $859,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of KKR stock traded up $0.19 during mid-day trading on Wednesday, hitting $147.43. 3,785,084 shares of the stock traded hands, compared to its average volume of 3,436,967. The stock has a market cap of $131.35 billion, a P/E ratio of 68.57, a P/E/G ratio of 1.59 and a beta of 1.87. The stock's fifty day moving average is $136.91 and its two-hundred day moving average is $127.62. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders 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 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 presently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the sale, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,281,394 shares of company stock worth $413,158,033. Corporate insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KKR shares. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. 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. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. 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 upped their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.73.

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.