Waverly Advisors LLC Has $7.82 Million Stake in KKR & Co. Inc. $KKR

Waverly Advisors LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 24.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,199 shares of the asset manager’s stock after selling 27,946 shares during the period. Waverly Advisors LLC’s holdings in KKR & Co. Inc. were worth $7,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in KKR & Co. Inc. by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock valued at $1,804,470,000 after buying an additional 1,261,314 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock worth $1,903,220,000 after buying an additional 146,285 shares in the last quarter. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $1,715,929,000. First Manhattan CO. LLC. boosted its position in shares of KKR & Co. Inc. by 0.8% in the fourth quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after acquiring an additional 67,441 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock valued at $714,195,000 after acquiring an additional 23,483 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KKR shares. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. BMO Capital Markets lifted their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Finally, Argus raised their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.00.

KKR & Co. Inc. Price Performance

KKR stock opened at $104.21 on Thursday. The company’s 50-day moving average price is $103.57 and its two-hundred day moving average price is $97.91. The firm has a market cap of $93.55 billion, a P/E ratio of 33.19, a P/E/G ratio of 0.99 and a beta of 1.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the business posted $1.18 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 24.84%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.