KKR & Co. Inc. (NYSE:KKR) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 21.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,980 shares of the asset manager’s stock after selling 525 shares during the quarter. Edge Capital Group LLC’s holdings in KKR & Co. Inc. were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KKR. Wellington Management Group LLP lifted its holdings in KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after acquiring an additional 11,134,363 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at $344,354,000. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the first quarter valued at $217,004,000. Canada Pension Plan Investment Board lifted its stake 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 last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after purchasing an additional 1,728,782 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $133.23 on Monday. The business has a 50-day simple moving average of $118.86 and a 200-day simple moving average of $107.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $133.84. The company has a market cap of $118.23 billion, a PE ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Saturday. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays boosted their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.