Bokf Na Trims Stock Position in KKR & Co. Inc. (NYSE:KKR)

Bokf Na lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,235 shares of the asset manager’s stock after selling 1,170 shares during the quarter. Bokf Na’s holdings in KKR & Co. Inc. were worth $972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Riverview Trust Co purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its holdings in KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares in the last quarter. Mather Group LLC. increased its holdings in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. American National Bank increased its holdings in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KKR shares. TD Cowen increased their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.86.

KKR & Co. Inc. Stock Up 2.0 %

NYSE KKR opened at $122.80 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $108.98 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $128.79. The stock has a 50 day moving average price of $116.66 and a 200-day moving average price of $106.78.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the company earned $0.58 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed 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. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

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.