First City Capital Management Inc. Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

First City Capital Management Inc. decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,496 shares of the asset manager’s stock after selling 254 shares during the period. First City Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Riverview Trust Co bought a new stake in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its stake in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Mather Group LLC. grew its stake in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares in the last quarter. American National Bank increased its holdings in KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after purchasing an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in KKR & Co. Inc. during the 2nd quarter valued at $38,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $133.23 on Friday. The company has a market capitalization of $118.23 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $133.84. The business’s 50 day moving average is $118.86 and its two-hundred day moving average is $107.83. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last issued 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 return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $0.58 earnings per share. Analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Analyst Ratings Changes

Several research analysts have issued reports on KKR shares. TD Cowen increased their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Evercore ISI increased their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.27.

Insider Buying and Selling

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

KKR & Co. Inc. Company 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.