S Bank Fund Management Ltd Takes $480,000 Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• S Bank Fund Management Ltd has invested approximately $480,000 in KKR & Co. Inc., acquiring 4,151 shares of the asset manager's stock in the first quarter.
• KKR & Co. Inc. has announced a quarterly dividend increase to $0.185 per share, reflecting a yield of 0.5% and a dividend payout ratio of 34.42%.
• Brokerage firms have raised their price targets for KKR & Co. Inc., with Citigroup increasing it to $170.00 and a consensus rating of "Moderate Buy" among analysts.

S Bank Fund Management Ltd bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,151 shares of the asset manager's stock, valued at approximately $480,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after buying an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after buying an additional 2,391,434 shares in the last quarter. Nuveen LLC acquired a new stake in KKR & Co. Inc. during the first quarter worth about $844,137,000. Nuveen Asset Management LLC grew its position 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 buying an additional 3,391,581 shares in the last quarter. Finally, Northern Trust Corp grew its position in KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after buying an additional 600,696 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KKR shares. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Barclays lifted their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Oppenheimer lifted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman 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 position. The disclosure for this sale can be found here. Insiders sold 3,281,394 shares of company stock worth $413,158,033 in the last quarter. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $3.78 during trading on Friday, reaching $142.28. The stock had a trading volume of 2,943,624 shares, compared to its average volume of 3,262,633. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business's 50-day moving average price is $137.80 and its 200 day moving average price is $127.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $126.76 billion, a PE ratio of 66.18, a P/E/G ratio of 1.53 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) 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 company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a 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%.

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.