IFM Investors Pty Ltd boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) by 24.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 97,924 shares of the asset manager's stock after purchasing an additional 18,941 shares during the quarter. IFM Investors Pty Ltd's holdings in KKR & Co. Inc. were worth $4,533,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in KKR & Co. Inc. by 12.4% in the 4th quarter. LPL Financial LLC now owns 313,801 shares of the asset manager's stock valued at $23,378,000 after acquiring an additional 34,705 shares in the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of KKR & Co. Inc. by 1.8% in the 1st quarter. United Capital Financial Advisers LLC now owns 403,045 shares of the asset manager's stock worth $23,566,000 after buying an additional 7,149 shares in the last quarter. XML Financial LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $214,000. Canada Pension Plan Investment Board raised its holdings in shares of KKR & Co. Inc. by 1,739.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 483,425 shares of the asset manager's stock worth $28,266,000 after buying an additional 457,147 shares in the last quarter. Finally, UMB Bank N A MO raised its holdings in shares of KKR & Co. Inc. by 363.1% in the 1st quarter. UMB Bank N A MO now owns 134,583 shares of the asset manager's stock worth $7,869,000 after buying an additional 105,519 shares in the last quarter. Institutional investors own 52.58% of the company's stock.
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In other KKR & Co. Inc. news, General Counsel David Sorkin sold 60,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $56.94, for a total transaction of $3,416,400.00. Following the transaction, the general counsel now directly owns 1,474,144 shares in the company, valued at $83,937,759.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other KKR & Co. Inc. news, General Counsel David Sorkin sold 60,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $56.94, for a total value of $3,416,400.00. Following the sale, the general counsel now owns 1,474,144 shares of the company's stock, valued at approximately $83,937,759.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Cohler purchased 18,710 shares of the company's stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $52.99 per share, for a total transaction of $991,442.90. Following the purchase, the director now directly owns 86,837 shares in the company, valued at $4,601,492.63. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.
Analysts Set New Price Targets
KKR has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $72.00 to $63.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $72.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, July 19th. JMP Securities decreased their price objective on KKR & Co. Inc. from $85.00 to $80.00 and set a "market outperform" rating on the stock in a research report on Tuesday, July 12th. The Goldman Sachs Group decreased their price objective on KKR & Co. Inc. from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Finally, Piper Sandler decreased their price objective on KKR & Co. Inc. from $86.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $75.04.KKR & Co. Inc. Stock Down 2.7 %
NYSE:KKR opened at $43.89 on Friday. KKR & Co. Inc. has a 12-month low of $42.92 and a 12-month high of $83.90. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $37.74 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.58 and a beta of 1.53. The stock's fifty day simple moving average is $51.84 and its 200-day simple moving average is $52.41.
KKR & Co. Inc. (NYSE:KKR – Get Rating) last posted its earnings results on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $303.10 million for the quarter, compared to analyst estimates of $1.82 billion. KKR & Co. Inc. had a return on equity of 7.23% and a net margin of 8.25%. The company's revenue for the quarter was down 59.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 3.37 earnings per share for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Monday, August 15th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.62 annualized dividend and a yield of 1.41%. KKR & Co. Inc.'s dividend payout ratio is presently 48.44%.
KKR & Co. Inc. Company Profile
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KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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