Bank of New York Mellon Corp Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Bank of New York Mellon Corp raised its position in KKR & Co. Inc. (NYSE:KKR) by 64.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,036,821 shares of the asset manager’s stock after buying an additional 1,585,447 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of KKR & Co. Inc. worth $424,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in KKR & Co. Inc. in the first quarter valued at approximately $27,000. Versant Capital Management Inc lifted its stake in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. lifted its stake in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after buying an additional 208 shares during the last quarter. American National Bank increased its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Finally, Missouri Trust & Investment Co increased its holdings in shares of KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group dropped their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Citigroup boosted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. TD Cowen boosted their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.77.

KKR & Co. Inc. Stock Down 0.0 %

Shares of NYSE:KKR opened at $122.18 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The stock’s fifty day simple moving average is $113.02 and its 200-day simple moving average is $104.36. The company has a market capitalization of $108.42 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.07 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be given a dividend of $0.175 per share. The ex-dividend date is Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.57%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.