MBB Public Markets I LLC Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

MBB Public Markets I LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1,922.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,520 shares of the asset manager’s stock after purchasing an additional 43,269 shares during the period. MBB Public Markets I LLC’s holdings in KKR & Co. Inc. were worth $4,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. Advisor Resource Council purchased a new position in KKR & Co. Inc. in the first quarter valued at about $1,001,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after purchasing an additional 111,881 shares during the period. Quadrature Capital Ltd purchased a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $3,932,000. Janney Montgomery Scott LLC grew its holdings in KKR & Co. Inc. by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after purchasing an additional 6,406 shares during the period. Finally, Wellington Management Group LLP increased its position 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 buying an additional 11,134,363 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.6 %

Shares of KKR stock opened at $132.13 on Friday. The company has a market capitalization of $117.25 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $134.85. The business’s fifty day moving average is $120.21 and its 200 day moving average is $108.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released 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. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.58 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 3.99 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insider Transactions at KKR & Co. Inc.

In other news, 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 transaction of $48,155,039.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred 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 of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KKR shares. Barclays increased 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. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.27.

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.