Mirae Asset Global Investments Co. Ltd. Sells 3,568 Shares of KKR & Co. Inc. $KKR

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,990 shares of the asset manager’s stock after selling 3,568 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in KKR & Co. Inc. were worth $11,572,000 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 the company. Bruce G. Allen Investments LLC boosted its position in shares of KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after purchasing an additional 72 shares in the last quarter. PFG Advisors raised its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after acquiring an additional 90 shares during the period. Chemistry Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 0.7% during the second quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock worth $1,628,000 after acquiring an additional 90 shares during the period. First Bank & Trust raised its holdings in shares of KKR & Co. Inc. by 1.3% during the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock worth $858,000 after acquiring an additional 98 shares during the period. Finally, MGB Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.8% during the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager’s stock worth $672,000 after acquiring an additional 100 shares during the period. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on KKR. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday. They set an “outperform” rating and a $148.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Saturday, September 27th. JMP Securities restated a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an “overweight” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.40.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were 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. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Up 2.3%

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

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $1.09 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.