Strs Ohio Buys Shares of 332,885 KKR & Co. Inc. $KKR

Key Points

• Strs Ohio has invested approximately $38.49 million in KKR & Co. Inc. by acquiring 332,885 shares in the first quarter.
• Analysts have given KKR a consensus rating of "Moderate Buy" with an average price target of $158.07, with twelve analysts rating it as a Buy.
• KKR has recently increased its quarterly dividend to $0.185, resulting in an annualized yield of 0.5% and a payout ratio of 34.42%.

Strs Ohio bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 332,885 shares of the asset manager's stock, valued at approximately $38,485,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Saudi Central Bank purchased a new position in KKR & Co. Inc. in the 1st quarter valued at $28,000. Mascagni Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. in the 1st quarter valued at $38,000. Finally, GW&K Investment Management LLC boosted its position 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 in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $1.53 during trading hours on Friday, hitting $143.48. The company had a trading volume of 3,554,774 shares, compared to its average volume of 2,886,410. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $142.43 and a 200-day simple moving average of $126.30. The firm has a market cap of $127.83 billion, a P/E ratio of 66.74, a price-to-earnings-growth ratio of 1.58 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KKR shares. JMP Securities reaffirmed a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.07.

About KKR & Co. Inc.

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.