Wilmington Savings Fund Society FSB Raises Stock Position in KKR & Co. Inc. $KKR

Key Points

• Wilmington Savings Fund Society FSB increased its stake in KKR & Co. Inc. by 11.3% during Q2, owning 25,591 shares valued at approximately $3.4 million.
• KKR's latest quarterly earnings showed an EPS of $1.18, surpassing estimates, with revenues reaching $1.86 billion compared to expectations of $1.81 billion.
• The company raised its quarterly dividend to $0.185 per share, reflecting a yield of 0.6%, with a payout ratio of about 34.42%.

Wilmington Savings Fund Society FSB lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,591 shares of the asset manager's stock after buying an additional 2,594 shares during the period. Wilmington Savings Fund Society FSB's holdings in KKR & Co. Inc. were worth $3,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI grew its position in shares of KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after buying an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after buying an additional 2,006 shares during the last quarter. CWM LLC grew its position in shares of KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after buying an additional 398 shares during the last quarter. Western Financial Corp CA acquired a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $739,000. Finally, Ground Swell Capital LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $463,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $125.82 on Wednesday. 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. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a 50 day simple moving average of $137.63 and a two-hundred day simple moving average of $128.66. The stock has a market cap of $112.10 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 1.34 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating 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 period in the previous year, the business posted $1.09 EPS. As a group, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

Insider Activity

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 value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on KKR shares. Weiss Ratings cut shares of KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Citigroup lowered their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating for the company in a research note on Tuesday. JMP Securities reiterated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.

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