KKR & Co. Inc. $KKR Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 16.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,660 shares of the asset manager’s stock after selling 2,560 shares during the period. Praxis Investment Management Inc.’s holdings in KKR & Co. Inc. were worth $1,684,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after purchasing an additional 237,987 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after acquiring an additional 2,006 shares during the last quarter. Aberdeen Group plc lifted its position in shares of KKR & Co. Inc. by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after acquiring an additional 10,960 shares during the last quarter. CWM LLC lifted its position in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares during the last quarter. Finally, Western Financial Corp CA acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $739,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction 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 transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $117.54 on Friday. The company’s fifty day moving average is $136.73 and its two-hundred day moving average is $128.65. 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 12-month low of $86.15 and a 12-month high of $170.40. The company has a market cap of $104.72 billion, a P/E ratio of 54.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.09 EPS. Equities analysts expect 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 was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citizens Jmp downgraded KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Oppenheimer cut their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Evercore ISI increased their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.20.

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.