KKR & Co. Inc. $KKR Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 44.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 28,737 shares of the asset manager’s stock after selling 23,258 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in KKR & Co. Inc. were worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. in the 1st quarter worth about $38,000. GW&K Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. Finally, SouthState Corp bought a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $44,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.73.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman directly owned 73,006,022 shares of the company’s stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 in the last 90 days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $138.0010 on Thursday. The stock’s fifty day simple moving average is $138.69 and its 200 day simple moving average is $126.77. The stock has a market capitalization of $122.95 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 1.53 and a beta of 1.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter last year, the company posted $1.09 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 34.42%.

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.