WESPAC Advisors SoCal LLC Has $1.34 Million Position in KKR & Co. Inc. $KKR

Key Points

• WESPAC Advisors SoCal LLC increased its holdings in KKR & Co. Inc. by 63.9% in Q2, owning 10,106 shares valued at $1.34 million.
• KKR & Co. Inc. reported earnings of $1.18 EPS, exceeding expectations of $1.14, along with a revenue of $1.86 billion for the quarter.
• The company declared a quarterly dividend increase to $0.185 per share, representing a 0.6% yield, up from the previous dividend of $0.18.

WESPAC Advisors SoCal LLC boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 63.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,106 shares of the asset manager's stock after purchasing an additional 3,940 shares during the quarter. WESPAC Advisors SoCal LLC's holdings in KKR & Co. Inc. were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after purchasing an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in KKR & Co. Inc. by 14.3% during the first 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 during the period. Nuveen LLC acquired a new position in KKR & Co. Inc. during the first quarter valued at approximately $844,137,000. Amundi boosted its holdings in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager's stock valued at $528,989,000 after buying an additional 2,439,505 shares during the period. Finally, Jennison Associates LLC boosted 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 buying an additional 4,306,290 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $120.20 on Tuesday. 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 $135.80 and a 200 day simple moving average of $129.08. The stock has a market capitalization of $107.09 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 1.32 and a beta of 1.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS 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 business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders 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 an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s payout ratio is currently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company'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 sale, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KKR shares. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating for the company in a report on Tuesday, October 14th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Citigroup reduced their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating for the company in a report on Monday, October 13th. Finally, BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an "outperform" rating and a $148.00 price target for the company. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $156.20.

About KKR & Co. Inc.

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.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.