ASB Consultores LLC Has $716,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

ASB Consultores LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 31.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,800 shares of the asset manager’s stock after selling 3,184 shares during the quarter. ASB Consultores LLC’s holdings in KKR & Co. Inc. were worth $716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Wellington Management Group LLP raised its holdings in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Winslow Capital Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $344,354,000. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $217,004,000. Canada Pension Plan Investment Board raised its holdings in shares of KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.75 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $117.80 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 0.99 and a beta of 1.62. The firm’s 50 day simple moving average is $118.41 and its 200 day simple moving average is $107.51. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $0.58 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KKR. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays increased their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday. They issued a “buy” rating and a $148.00 price target on the stock. Finally, Evercore ISI increased their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $128.27.

KKR & Co. Inc. Profile

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.