Mutual of America Capital Management LLC Sells 879 Shares of KKR & Co. Inc. $KKR

Mutual of America Capital Management LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 77,628 shares of the asset manager’s stock after selling 879 shares during the period. Mutual of America Capital Management LLC’s holdings in KKR & Co. Inc. were worth $10,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC grew its holdings in KKR & Co. Inc. by 1.1% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 132,949 shares of the asset manager’s stock worth $17,686,000 after acquiring an additional 1,484 shares during the last quarter. United Bank bought a new stake in KKR & Co. Inc. during the 2nd quarter worth about $769,000. Quotient Wealth Partners LLC boosted its stake in shares of KKR & Co. Inc. by 21.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 2,668 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 469 shares during the last quarter. Spirit of America Management Corp NY boosted its stake in shares of KKR & Co. Inc. by 62.7% in the 2nd quarter. Spirit of America Management Corp NY now owns 4,150 shares of the asset manager’s stock valued at $552,000 after purchasing an additional 1,600 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd boosted its stake in shares of KKR & Co. Inc. by 46.5% in the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 6,657 shares of the asset manager’s stock valued at $885,000 after purchasing an additional 2,113 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1%

KKR & Co. Inc. stock opened at $117.69 on Monday. The company’s 50 day simple moving average is $136.23 and its 200 day simple moving average is $128.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market capitalization of $104.86 billion, a price-to-earnings ratio of 54.74, a PEG ratio of 1.32 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price on the stock. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Oppenheimer reduced their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.20.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. 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.