Maestria Partners LLC Lowers Stake in KKR & Co. Inc. $KKR

Maestria Partners LLC trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,170 shares of the asset manager’s stock after selling 35,000 shares during the period. KKR & Co. Inc. makes up about 7.3% of Maestria Partners LLC’s investment portfolio, making the stock its 8th largest holding. Maestria Partners LLC’s holdings in KKR & Co. Inc. were worth $21,033,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KKR. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. SouthState Bank Corp grew its stake in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $29,000. Finally, MV Capital Management Inc. bought a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 3.2%

KKR & Co. Inc. stock opened at $109.83 on Friday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $152.10. The firm has a market capitalization of $98.59 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.00 and a beta of 1.79. The firm has a 50 day moving average of $102.32 and a 200 day moving average of $97.80. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the firm earned $1.18 earnings per share. As a group, research analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a dividend of $0.195 per share. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is 24.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Argus upped their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. BMO Capital Markets increased their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Oppenheimer increased their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.