Clearbridge Investments LLC Has $147.64 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Clearbridge Investments LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,402,916 shares of the asset manager’s stock after selling 40,913 shares during the period. Clearbridge Investments LLC owned approximately 0.16% of KKR & Co. Inc. worth $147,643,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KKR. Advisor Resource Council acquired a new position in KKR & Co. Inc. during the 1st quarter worth $1,001,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of KKR & Co. Inc. by 352.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after acquiring an additional 111,881 shares during the period. Quadrature Capital Ltd bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $3,932,000. Janney Montgomery Scott LLC increased its position in 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 purchasing an additional 6,406 shares during the period. Finally, Wellington Management Group LLP raised its holdings in KKR & Co. Inc. by 219.5% during the 4th 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 last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.6 %

NYSE KKR opened at $129.83 on Wednesday. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $115.21 billion, a P/E ratio of 29.11, a P/E/G ratio of 1.11 and a beta of 1.62. The stock’s 50-day moving average is $121.04 and its 200-day moving average is $109.57.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results 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 firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company posted $0.58 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal 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 given a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.54%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’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 transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KKR shares. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays raised their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Wells Fargo & Company started coverage on KKR & Co. Inc. in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price target on the stock. Finally, Oppenheimer lifted their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.27.

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.