KKR & Co. Inc. $KKR Shares Acquired by Conning Inc.

Conning Inc. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,511 shares of the asset manager’s stock after acquiring an additional 150 shares during the quarter. Conning Inc.’s holdings in KKR & Co. Inc. were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KKR. Louisbourg Investments Inc. lifted its holdings in shares of KKR & Co. Inc. by 32.2% in the 2nd quarter. Louisbourg Investments Inc. now owns 28,232 shares of the asset manager’s stock worth $3,756,000 after purchasing an additional 6,880 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in KKR & Co. Inc. in the second quarter worth $663,000. Eastern Bank increased its position in KKR & Co. Inc. by 151.7% in the second quarter. Eastern Bank now owns 662 shares of the asset manager’s stock worth $88,000 after buying an additional 399 shares during the period. Aberdeen Group plc lifted its stake in KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares during the last quarter. Finally, PDS Planning Inc acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at $299,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent analyst reports. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price for the company. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Barclays raised their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Evercore ISI boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Stock Down 5.0%

KKR opened at $117.88 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $105.03 billion, a PE ratio of 54.83, a P/E/G ratio of 1.28 and a beta of 1.91. The stock’s fifty day moving average is $138.46 and its 200-day moving average is $128.57. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend 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 payout ratio is presently 34.42%.

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.