Sava Infond d.o.o. Has $2.40 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Sava Infond d.o.o. increased its stake in KKR & Co. Inc. by 16.1% during the second quarter, owning 18,045 shares valued at $2.40 million.
• KKR & Co. Inc. reported quarterly earnings of $1.18 per share, surpassing analysts' expectations of $1.14, with revenues reaching $1.86 billion.
• The company recently declared a quarterly dividend of $0.185, up from $0.18, indicating a 0.6% yield with a payout ratio of 34.42%.

Sava Infond d.o.o. raised its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,045 shares of the asset manager's stock after buying an additional 2,500 shares during the quarter. Sava Infond d.o.o.'s holdings in KKR & Co. Inc. were worth $2,401,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. increased its stake in shares of KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $38,000. GW&K Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $44,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $127.51 on Friday. 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. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a fifty day moving average price of $140.96 and a two-hundred day moving average price of $128.34. The company has a market cap of $113.60 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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 6.30%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $1.09 EPS. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Weiss Ratings restated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Citigroup increased their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a report on Friday. They set an "outperform" rating and a $148.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $157.40.

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.

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