Phoenix Holdings Ltd. cut its stake in shares of KKR & Co Inc (NYSE:KKR) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,410 shares of the asset manager’s stock after selling 2,161 shares during the quarter. Phoenix Holdings Ltd.’s holdings in KKR & Co Inc were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of KKR. State Board of Administration of Florida Retirement System raised its position in KKR & Co Inc by 3,778.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 589,854 shares of the asset manager’s stock valued at $18,215,000 after purchasing an additional 574,646 shares during the last quarter. Virtu Financial LLC bought a new position in KKR & Co Inc during the 2nd quarter valued at approximately $265,000. Rafferty Asset Management LLC bought a new position in KKR & Co Inc during the 2nd quarter valued at approximately $3,398,000. New York State Common Retirement Fund raised its position in KKR & Co Inc by 230.5% during the 2nd quarter. New York State Common Retirement Fund now owns 1,145,207 shares of the asset manager’s stock valued at $35,364,000 after purchasing an additional 798,752 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its position in KKR & Co Inc by 48.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,682 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 551 shares during the last quarter. Institutional investors own 76.87% of the company’s stock.
Shares of NYSE KKR traded down $1.36 during trading hours on Thursday, reaching $34.41. The stock had a trading volume of 290,310 shares, compared to its average volume of 3,028,978. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 132.33 and a beta of 1.57. The business’s fifty day moving average price is $34.71 and its two-hundred day moving average price is $29.21. KKR & Co Inc has a 52-week low of $15.55 and a 52-week high of $37.17.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $420.68 million. KKR & Co Inc had a return on equity of 4.34% and a net margin of 47.50%. KKR & Co Inc’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities research analysts anticipate that KKR & Co Inc will post 1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, August 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.57%. KKR & Co Inc’s dividend payout ratio (DPR) is 32.34%.
A number of research firms have commented on KKR. Morgan Stanley upped their price target on KKR & Co Inc from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Oppenheimer upped their price target on KKR & Co Inc from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Bank of America upped their price target on KKR & Co Inc from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 10th. BMO Capital Markets increased their target price on KKR & Co Inc from $33.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Credit Suisse Group increased their target price on KKR & Co Inc from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. KKR & Co Inc presently has an average rating of “Buy” and a consensus target price of $37.00.
In related news, major shareholder Kkr Stream Holdings Llc sold 13,845,682 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $13.00, for a total transaction of $179,993,866.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by insiders.
KKR & Co Inc Company Profile
KKR & Co L.P. 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.
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