KKR & Co. Inc. $KKR Stock Position Increased by Swedbank AB

Key Points

• Swedbank AB increased its holdings in KKR & Co. Inc. by 25.8%, acquiring 19,033 shares, bringing their total to 92,728 shares worth approximately $12.34 million.
• KKR recently announced a quarterly dividend of $0.185 per share, up from the previous $0.18, with a dividend yield of 0.5%.
• Analysts have mixed ratings on KKR shares, with 12 analysts rating it as a "Buy" and four as a "Hold," suggesting a consensus target price of $158.07.

Swedbank AB grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 92,728 shares of the asset manager's stock after buying an additional 19,033 shares during the period. Swedbank AB's holdings in KKR & Co. Inc. were worth $12,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $218,000. Two Sigma Investments LP increased its stake in shares of KKR & Co. Inc. by 0.8% during the fourth quarter. Two Sigma Investments LP now owns 29,558 shares of the asset manager's stock worth $4,372,000 after acquiring an additional 234 shares during the period. Woodline Partners LP acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $5,996,000. Finally, Vise Technologies Inc. increased its stake in shares of KKR & Co. Inc. by 141.6% during the fourth quarter. Vise Technologies Inc. now owns 7,813 shares of the asset manager's stock worth $1,156,000 after acquiring an additional 4,579 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.6%

KKR stock traded up $0.85 during mid-day trading on Tuesday, hitting $147.80. 1,646,680 shares of the company were exchanged, compared to its average volume of 4,645,524. The company has a market capitalization of $131.68 billion, a PE ratio of 68.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a fifty day simple moving average of $143.27 and a 200 day simple moving average of $127.26.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.09 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity

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 value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research report on Wednesday, July 9th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price 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.