Tokio Marine Asset Management Co. Ltd. Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in KKR & Co. Inc. by 17.0%, acquiring an additional 3,263 shares, bringing its total ownership to 22,447 shares valued at approximately $2.6 million.
• Institutional investors now hold approximately 76.26% of KKR's stock, with notable stakes being added by S Bank Fund Management Ltd., National Pension Service, and Rathbones Group PLC in recent transactions.
• KKR's recent quarterly earnings showed an EPS of $1.18, beating analysts' expectations, and the company is set to increase its dividend from $0.18 to $0.185 per share.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,447 shares of the asset manager's stock after purchasing an additional 3,263 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in KKR & Co. Inc. were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Brighton Jones LLC increased its position 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 purchasing an additional 2,437 shares during the last quarter. Townsquare Capital LLC increased its position in shares of KKR & Co. Inc. by 47.6% during the 4th quarter. Townsquare Capital LLC now owns 20,530 shares of the asset manager's stock valued at $3,037,000 after purchasing an additional 6,617 shares during the last quarter. Synovus Financial Corp increased its position in shares of KKR & Co. Inc. by 1.3% during the 4th quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after purchasing an additional 110 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $285,000. Finally, Evergreen Capital Management LLC increased its position in shares of KKR & Co. Inc. by 5.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,577 shares of the asset manager's stock valued at $529,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR traded down $3.78 during trading on Friday, reaching $142.28. 2,943,624 shares of the company traded hands, compared to its average volume of 3,262,633. 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. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a fifty day simple moving average of $137.80 and a 200 day simple moving average of $127.07. The company has a market cap of $126.76 billion, a P/E ratio of 66.18, a PEG ratio of 1.53 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $1.09 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented 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. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Citigroup increased their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Finally, JMP Securities reissued a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.73.

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.