UniSuper Management Pty Ltd Cuts Position in KKR & Co. Inc. $KKR

Key Points

• UniSuper Management Pty Ltd reduced its stake in KKR & Co. Inc. by 73.0%, selling 129,400 shares and now holds 47,955 shares valued at approximately $5.54 million.
• Insider activity includes KKR Chairman George R. Roberts selling 809,906 shares for over $116 million, resulting in a slight decrease in his ownership.
• KKR's recent earnings report showed an EPS of $1.18, exceeding expectations, and the company also increased its quarterly dividend to $0.185 per share.

UniSuper Management Pty Ltd decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 73.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,955 shares of the asset manager's stock after selling 129,400 shares during the quarter. UniSuper Management Pty Ltd's holdings in KKR & Co. Inc. were worth $5,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC raised its position in KKR & Co. Inc. by 109.6% in the fourth 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 period. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $218,000. Baird Financial Group Inc. raised its position in KKR & Co. Inc. by 4.1% in the fourth quarter. Baird Financial Group Inc. now owns 27,016 shares of the asset manager's stock valued at $3,996,000 after purchasing an additional 1,071 shares during the period. CoreCap Advisors LLC raised its position in KKR & Co. Inc. by 160.1% in the fourth quarter. CoreCap Advisors LLC now owns 489 shares of the asset manager's stock valued at $72,000 after purchasing an additional 301 shares during the period. Finally, EP Wealth Advisors LLC raised its position in KKR & Co. Inc. by 33.7% in the fourth quarter. EP Wealth Advisors LLC now owns 6,409 shares of the asset manager's stock valued at $948,000 after purchasing an additional 1,614 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $135.53 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $141.90 and a 200 day moving average price of $125.98. The company has a market cap of $120.75 billion, a P/E ratio of 63.04, a PEG ratio of 1.49 and a beta of 1.93. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, August 11th. This is an increase 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 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.

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