KKR & Co. Inc. (NYSE:KKR) Shares Acquired by TCW Group Inc.

Key Points

• TCW Group Inc. increased its holdings in KKR & Co. Inc. by 11.9% in Q1, owning 344,456 shares worth approximately $39.8 million.
• KKR recently reported an earnings per share (EPS) of $1.15 for its latest quarter, exceeding analyst expectations by $0.02, although revenue declined by 67.8% year-over-year.
• The firm announced a new dividend of $0.185 per share, up from the previous $0.17, which corresponds to a dividend yield of 0.64%.

TCW Group Inc. increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,456 shares of the asset manager's stock after purchasing an additional 36,652 shares during the quarter. TCW Group Inc.'s holdings in KKR & Co. Inc. were worth $39,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after purchasing an additional 458,048 shares in the last quarter. FMR LLC boosted its position in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after purchasing an additional 752,056 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of KKR & Co. Inc. by 10.8% in the 4th quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after purchasing an additional 600,696 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KKR shares. TD Cowen reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Piper Sandler started 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. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, JMP Securities reiterated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Trading Down 2.4%

KKR traded down $3.61 during trading hours on Thursday, reaching $146.82. The company's stock had a trading volume of 3,299,979 shares, compared to its average volume of 5,004,645. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market cap of $130.77 billion, a PE ratio of 62.02, a P/E/G ratio of 1.68 and a beta of 1.88. The business's 50-day moving average is $132.07 and its 200-day moving average is $128.40. 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. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.50%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 over the last ninety days. 39.34% of the stock is owned by insiders.

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.