Vulcan Value Partners LLC Sells 2,456,576 Shares of KKR & Co. Inc. (NYSE:KKR)

Vulcan Value Partners LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 45.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,924,461 shares of the asset manager’s stock after selling 2,456,576 shares during the period. KKR & Co. Inc. makes up 4.7% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 6th largest holding. Vulcan Value Partners LLC’s holdings in KKR & Co. Inc. were worth $307,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock valued at $628,147,000 after buying an additional 323,189 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in KKR & Co. Inc. by 58.8% during the 2nd quarter. Mackenzie Financial Corp now owns 62,344 shares of the asset manager’s stock worth $6,561,000 after acquiring an additional 23,080 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in KKR & Co. Inc. by 3,646.7% during the 2nd quarter. Maverick Capital Ltd. now owns 170,473 shares of the asset manager’s stock worth $17,941,000 after acquiring an additional 165,923 shares during the last quarter. MBB Public Markets I LLC grew its stake in shares of KKR & Co. Inc. by 1,922.2% in the 2nd quarter. MBB Public Markets I LLC now owns 45,520 shares of the asset manager’s stock worth $4,791,000 after acquiring an additional 43,269 shares in the last quarter. Finally, Daymark Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $821,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR opened at $132.13 on Friday. The firm has a 50-day moving average price of $120.21 and a 200-day moving average price of $108.71. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $134.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $117.25 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.58 EPS. Equities analysts expect that KKR & Co. Inc. will post 3.99 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s payout ratio is 15.70%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. JMP Securities upped their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.27.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. 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.