Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in 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 holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,319 shares of the asset manager's stock after buying 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KKR. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $28,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $38,000. Finally, GW&K Investment Management LLC raised 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 buying an additional 111 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research note on Wednesday, July 9th. Evercore ISI increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Barclays increased their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Piper Sandler assumed coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.07.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. 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 transaction, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Down 0.3%

Shares of NYSE KKR traded down $0.38 during midday trading on Friday, hitting $148.96. 8,790,000 shares of the company's stock were exchanged, compared to its average volume of 2,819,594. 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 twelve month low of $86.15 and a twelve month high of $170.40. The company has a market cap of $132.72 billion, a PE ratio of 69.28, a P/E/G ratio of 1.64 and a beta of 1.93. The firm's fifty day simple moving average is $143.13 and its 200-day simple moving average is $126.96.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company earned $1.09 EPS. Research 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a positive change 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 is presently 34.42%.

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.