NEOS Investment Management LLC Boosts Position in KKR & Co. Inc. $KKR

NEOS Investment Management LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 12.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,137 shares of the asset manager’s stock after purchasing an additional 12,529 shares during the quarter. NEOS Investment Management LLC’s holdings in KKR & Co. Inc. were worth $10,292,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KKR. Horizon Bancorp Inc. IN lifted its position in KKR & Co. Inc. by 3.8% in the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after acquiring an additional 95 shares during the last quarter. Western Pacific Wealth Management LP increased its position in shares of KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Wernau Asset Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.0% in the 1st quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock valued at $1,006,000 after purchasing an additional 104 shares during the last quarter. Mission Wealth Management LP lifted its holdings in shares of KKR & Co. Inc. by 0.5% in the 4th quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager’s stock valued at $2,622,000 after purchasing an additional 110 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its position in shares of KKR & Co. Inc. by 6.0% in the 4th quarter. CYBER HORNET ETFs LLC now owns 1,952 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 111 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.8%

Shares of KKR stock opened at $107.81 on Friday. The business’s 50 day moving average is $102.68 and its two-hundred day moving average is $97.87. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The company has a market capitalization of $96.77 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.66 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Oppenheimer increased their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. BMO Capital Markets raised their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Barclays lifted their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Argus upped their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane E. Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.