1832 Asset Management L.P. Has $15.94 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

1832 Asset Management L.P. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 34.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,465 shares of the asset manager’s stock after selling 79,085 shares during the period. 1832 Asset Management L.P.’s holdings in KKR & Co. Inc. were worth $15,940,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KKR. Frank Rimerman Advisors LLC acquired a new stake in KKR & Co. Inc. during the second quarter worth about $238,000. ProShare Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $14,223,000. Profund Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $1,087,000. Lavaca Capital LLC bought a new position in KKR & Co. Inc. in the second quarter valued at approximately $10,050,000. Finally, Ensign Peak Advisors Inc raised its position in KKR & Co. Inc. by 317.0% during the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after purchasing an additional 704,091 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $132.58 on Tuesday. The stock’s 50 day moving average is $119.21 and its 200 day moving average is $108.15. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $134.85. The firm has a market cap of $117.65 billion, a P/E ratio of 29.73, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

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

KKR & Co. Inc. Announces Dividend

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

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the 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 document filed with the SEC, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s 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 completion of the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. in a report on Thursday, September 12th. They set an “equal weight” rating and a $130.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen upped their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.