Sumitomo Mitsui DS Asset Management Company Ltd Buys 4,952 Shares of KKR & Co. Inc. $KKR

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in KKR & Co. Inc. by 6.7%, acquiring an additional 4,952 shares to reach a total of 78,319 shares valued at approximately $10.42 million.
• KKR's stock recently rose by 3.5% and reported a strong earnings performance, exceeding analysts’ EPS expectations with $1.18 for the quarter and revenue of $1.86 billion.
• The company has announced an increase in its quarterly dividend to $0.185 per share, representing an annualized yield of 0.5% and a dividend payout ratio of 34.42%.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,319 shares of the asset manager's stock after acquiring an additional 4,952 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in KKR & Co. Inc. were worth $10,419,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. Man Group plc grew its stake in shares of KKR & Co. Inc. by 280.1% during the 4th quarter. Man Group plc now owns 25,206 shares of the asset manager's stock valued at $3,728,000 after acquiring an additional 18,574 shares during the period. Two Sigma Investments LP grew its stake in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Two Sigma Investments LP now owns 29,558 shares of the asset manager's stock valued at $4,372,000 after acquiring an additional 234 shares during the period. Finally, Woodline Partners LP bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $5,996,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 3.5%

NYSE KKR opened at $149.43 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $133.13 billion, a P/E ratio of 69.50, a P/E/G ratio of 1.59 and a beta of 1.93. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a 50 day moving average price of $142.97 and a 200-day moving average price of $126.73.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its 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. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the company earned $1.09 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. The ex-dividend date was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler assumed coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective for the company. Barclays upped their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Oppenheimer upped their price target on 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, JMP Securities restated a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was 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 in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company's stock.

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.

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