PointState Capital LP Lowers Holdings in KKR & Co. Inc. (NYSE:KKR)

PointState Capital LP reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 20.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 722,564 shares of the asset manager’s stock after selling 184,834 shares during the period. KKR & Co. Inc. comprises about 1.9% of PointState Capital LP’s holdings, making the stock its 17th largest holding. PointState Capital LP owned about 0.08% of KKR & Co. Inc. worth $106,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. raised its stake in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after acquiring an additional 69 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after acquiring an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after acquiring an additional 73 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $129.02 on Thursday. The stock’s 50-day moving average is $111.59 and its two-hundred day moving average is $135.88. The firm has a market cap of $114.60 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.22%.

Insiders Place Their Bets

In other news, Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now directly owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price objective for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $150.00 in a research note on Wednesday. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, JMP Securities cut their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $149.14.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.