KKR & Co. Inc. $KKR Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 13.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 214,544 shares of the asset manager’s stock after selling 32,716 shares during the quarter. Candriam S.C.A.’s holdings in KKR & Co. Inc. were worth $24,803,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. TFB Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 5.0% during the 1st quarter. TFB Advisors LLC now owns 6,381 shares of the asset manager’s stock worth $738,000 after purchasing an additional 303 shares during the last quarter. Banco BTG Pactual S.A. boosted its position in shares of KKR & Co. Inc. by 377.8% in the first quarter. Banco BTG Pactual S.A. now owns 17,500 shares of the asset manager’s stock worth $2,023,000 after acquiring an additional 13,837 shares during the last quarter. Venture Visionary Partners LLC boosted its position in shares of KKR & Co. Inc. by 3.7% in the first quarter. Venture Visionary Partners LLC now owns 16,368 shares of the asset manager’s stock worth $1,892,000 after acquiring an additional 588 shares during the last quarter. Bowen Hanes & Co. Inc. boosted its position in shares of KKR & Co. Inc. by 109.4% in the first quarter. Bowen Hanes & Co. Inc. now owns 84,930 shares of the asset manager’s stock worth $9,819,000 after acquiring an additional 44,370 shares during the last quarter. Finally, Credit Agricole S A boosted its position in shares of KKR & Co. Inc. by 271.6% in the first quarter. Credit Agricole S A now owns 898,483 shares of the asset manager’s stock worth $103,874,000 after acquiring an additional 656,706 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.7%

KKR opened at $138.0010 on Thursday. The firm has a market capitalization of $122.95 billion, a P/E ratio of 64.19, a P/E/G ratio of 1.53 and a beta of 1.87. The firm’s 50 day moving average is $138.69 and its 200-day moving average is $126.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. 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. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the firm posted $1.09 earnings per share. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Finally, Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.73.

Insider Buying and Selling

In related news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% 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 quarter. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

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.