Sumitomo Mitsui Trust Group Inc. Has $188.61 Million Stock Holdings in KKR & Co. Inc. $KKR

Sumitomo Mitsui Trust Group Inc. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,417,797 shares of the asset manager’s stock after acquiring an additional 22,599 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.16% of KKR & Co. Inc. worth $188,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KKR. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. in the first quarter worth $28,000. DiNuzzo Private Wealth Inc. increased its stake in shares of KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $38,000. GW&K Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm’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 sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KKR. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 price target on the stock. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $121.23 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm’s fifty day simple moving average is $133.93 and its 200 day simple moving average is $129.35. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $108.01 billion, a PE ratio of 56.39, a PEG ratio of 1.36 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $1.09 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business 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. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.6%. 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 34.42%.

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.