Point72 Europe London LLP Sells 112,900 Shares of KKR & Co. Inc. (NYSE:KKR)

Point72 Europe London LLP reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 50.2% in the second quarter, Holdings Channel reports. The firm owned 112,149 shares of the asset manager’s stock after selling 112,900 shares during the quarter. Point72 Europe London LLP’s holdings in KKR & Co. Inc. were worth $11,803,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Advisor Resource Council bought a new stake in KKR & Co. Inc. during the first quarter valued at about $1,001,000. Wealth Enhancement Advisory Services LLC raised its holdings in KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after buying an additional 111,881 shares during the period. Quadrature Capital Ltd purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $3,932,000. Janney Montgomery Scott LLC raised its holdings in shares of KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after buying an additional 6,406 shares during the period. Finally, Wellington Management Group LLP increased its stake in KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The shares were 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. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Evercore ISI raised their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Citigroup lifted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.27.

KKR & Co. Inc. Trading Down 0.2 %

Shares of KKR opened at $132.40 on Wednesday. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $134.85. The firm has a market capitalization of $117.50 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.11 and a beta of 1.62. The firm has a 50-day moving average price of $119.53 and a 200 day moving average price of $108.39. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the prior year, the company posted $0.58 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 3.99 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

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.