Itau Unibanco Holding S.A. Purchases New Position in KKR & Co. Inc. $KKR

Itau Unibanco Holding S.A. purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,914 shares of the asset manager’s stock, valued at approximately $2,187,000.

Several other large investors also recently modified their holdings of KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in KKR & Co. Inc. by 28.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager’s stock worth $622,000 after purchasing an additional 941 shares in the last quarter. Quarry LP grew its stake in KKR & Co. Inc. by 228.9% in the fourth quarter. Quarry LP now owns 786 shares of the asset manager’s stock worth $116,000 after purchasing an additional 547 shares in the last quarter. AQR Capital Management LLC grew its stake in KKR & Co. Inc. by 4.5% in the fourth quarter. AQR Capital Management LLC now owns 51,435 shares of the asset manager’s stock worth $7,608,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in KKR & Co. Inc. by 2,188.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 73,955 shares of the asset manager’s stock worth $10,939,000 after purchasing an additional 70,724 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $140.61 on Thursday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a market cap of $125.27 billion, a price-to-earnings ratio of 65.40, a PEG ratio of 1.54 and a beta of 1.87. The stock’s 50 day moving average price is $140.40 and its 200 day moving average price is $126.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) 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 return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given 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 annualized dividend and a yield of 0.5%. KKR & Co. Inc.’s payout ratio is 34.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price on the stock. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price on the stock. in a report on Wednesday, July 9th. 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. Citigroup raised 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. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.07.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. 39.34% of the stock is currently owned by company insiders.

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.