KKR & Co. Inc. (NYSE:KKR) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,382 shares of the asset manager’s stock after selling 1,490 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in KKR & Co. Inc. were worth $1,949,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Capital International Investors boosted its stake in KKR & Co. Inc. by 1.9% during the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after purchasing an additional 805,122 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 last quarter. Wellington Management Group LLP boosted its stake in KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in KKR & Co. Inc. by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after purchasing an additional 365,449 shares during the last quarter. Finally, Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $649,798,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent research reports. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.20.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 2.5 %

NYSE:KKR traded down $2.87 on Wednesday, reaching $113.80. 3,954,783 shares of the company’s stock were exchanged, compared to its average volume of 4,999,904. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $100.99 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. The business has a fifty day moving average of $106.48 and a 200-day moving average of $98.01. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $117.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The business had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. As a group, analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

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.