Vanguard Personalized Indexing Management LLC Has $2.53 Million Stock Position in KKR & Co. Inc. $KKR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in KKR & Co. Inc. by 53.3% during the second quarter, now owning 18,997 shares valued at approximately $2.53 million.
• Institutional investors collectively own 76.26% of KKR's stock, indicating strong institutional interest and support for the company.
• KKR & Co. Inc. announced a quarterly dividend increase from $0.18 to $0.185 per share, representing a yield of 0.6% and a payout ratio of 34.42%.

Vanguard Personalized Indexing Management LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 53.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,997 shares of the asset manager's stock after buying an additional 6,607 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in KKR & Co. Inc. were worth $2,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KKR. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after purchasing an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 purchasing an additional 2,391,434 shares in the last quarter. Nuveen LLC bought a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Amundi boosted its holdings in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KKR shares. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Piper Sandler assumed 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, Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $156.20.

KKR & Co. Inc. Stock Down 1.1%

Shares of KKR opened at $124.65 on Thursday. 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 one year low of $86.15 and a one year high of $170.40. The stock has a 50 day moving average price of $137.23 and a 200 day moving average price of $128.63. The stock has a market capitalization of $111.06 billion, a price-to-earnings ratio of 57.98, a PEG ratio of 1.40 and a beta of 1.91.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $1.09 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Insider Buying and Selling

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred 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 sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is owned by corporate insiders.

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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