Chevy Chase Trust Holdings LLC Has $38.50 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Chevy Chase Trust Holdings LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 14,480.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 365,835 shares of the asset manager’s stock after purchasing an additional 363,326 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in KKR & Co. Inc. were worth $38,500,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings 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 during the period. Mather Group LLC. raised its holdings in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the period. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $27,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of KKR & Co. Inc. by 65.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock worth $48,000 after acquiring an additional 179 shares during the period. Finally, Missouri Trust & Investment Co raised its holdings in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $0.29 during midday trading on Wednesday, hitting $118.94. 529,796 shares of the company traded hands, compared to its average volume of 4,816,937. The stock has a market cap of $105.55 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s fifty day moving average price is $112.18 and its 200-day moving average price is $103.60. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.58 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 4th. The stock was 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 in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen raised their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group decreased their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

About KKR & Co. Inc.

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.