KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. has increased its holdings in KKR & Co. Inc. by 8.6%, owning approximately $10.84 million worth of shares after acquiring an additional 7,399 shares.
• KKR recently announced a dividend payment of $0.185 per share, up from $0.17, reflecting a dividend yield of 0.64%.
• Despite a significant year-over-year revenue decline of 67.8%, KKR posted earnings per share of $1.15, surpassing analysts' expectations of $1.13 for the quarter.

Texas Yale Capital Corp. grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,762 shares of the asset manager's stock after acquiring an additional 7,399 shares during the quarter. Texas Yale Capital Corp.'s holdings in KKR & Co. Inc. were worth $10,840,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KKR. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of KKR & Co. Inc. in the first quarter worth approximately $38,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of KKR & Co. Inc. by 44.6% in the first 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 last quarter. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the transaction, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $0.03 during trading on Monday, hitting $152.19. 2,446,302 shares of the company's stock were exchanged, compared to its average volume of 3,233,307. The stock has a market capitalization of $135.55 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 1.69 and a beta of 1.88. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business has a 50-day simple moving average of $130.34 and a 200-day simple moving average of $128.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler started coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Finally, JMP Securities reaffirmed a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $154.33.

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.