KKR & Co. Inc. (NYSE:KKR) Declares Quarterly Dividend of $0.19

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.185 per share by the asset manager on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, February 17th.

KKR & Co. Inc. has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 11.3%.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $98.95 on Friday. The firm has a 50 day simple moving average of $126.99 and a 200-day simple moving average of $130.76. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $155.61. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $88.19 billion, a price-to-earnings ratio of 41.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 76.1% compared to the same quarter last year. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently added to or reduced their stakes in KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $218,000. Sivia Capital Partners LLC grew its stake in KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in KKR & Co. Inc. by 4.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 32,962 shares of the asset manager’s stock worth $4,385,000 after purchasing an additional 1,472 shares in the last quarter. Finally, US Bancorp DE increased its holdings in KKR & Co. Inc. by 9.2% during the 2nd quarter. US Bancorp DE now owns 58,045 shares of the asset manager’s stock worth $7,722,000 after purchasing an additional 4,866 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

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.