Kraematon Investment Advisors Inc. Decreases Position in KKR & Co. Inc. $KKR

Kraematon Investment Advisors Inc. lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,621 shares of the asset manager’s stock after selling 268 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in KKR & Co. Inc. were worth $1,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock valued at $6,654,245,000 after buying an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Nuveen LLC bought a new stake in shares of KKR & Co. Inc. in the first quarter valued at approximately $844,137,000. Amundi lifted its stake in shares of KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after buying an additional 2,439,505 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after buying an additional 4,306,290 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 2.3%

Shares of KKR opened at $127.51 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a 50 day simple moving average of $140.96 and a two-hundred day simple moving average of $128.42. The firm has a market cap of $113.61 billion, a P/E ratio of 59.31, a P/E/G ratio of 1.40 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KKR. JMP Securities restated a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a report on Friday. They set an “outperform” rating and a $148.00 target price for the company. Citigroup increased their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.40.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.