KKR & Co. Inc. $KKR Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 6.7% during the second quarter, Holdings Channel.com reports. The fund owned 70,217 shares of the asset manager’s stock after selling 5,030 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in KKR & Co. Inc. were worth $6,445,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $218,000. Sivia Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares in the last quarter. United Bank purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in KKR & Co. Inc. during the 2nd quarter worth about $4,826,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $106.56 on Thursday. The firm has a fifty day moving average price of $101.98 and a 200 day moving average price of $97.74. The company has a market cap of $95.65 billion, a P/E ratio of 33.94, a PEG ratio of 0.99 and a beta of 1.79. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share 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 return on equity of 5.88% and a net margin of 14.41%.During the same quarter last year, the company earned $1.18 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

KKR has been the subject of several research reports. TD Cowen lifted their target price on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Barclays increased their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. HSBC raised their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada upped their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.