KKR & Co. Inc. $KKR is Maestria Partners LLC’s 6th Largest Position

Maestria Partners LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,170 shares of the asset manager’s stock after purchasing an additional 28,170 shares during the quarter. KKR & Co. Inc. makes up approximately 7.6% of Maestria Partners LLC’s portfolio, making the stock its 6th biggest position. Maestria Partners LLC’s holdings in KKR & Co. Inc. were worth $21,840,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the first quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. increased its position in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after buying an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the first quarter worth approximately $38,000. GW&K Investment Management LLC increased its position in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after buying an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 5.0%

Shares of KKR stock opened at $117.88 on Friday. The business’s fifty day moving average price is $138.46 and its 200 day moving average price is $128.57. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market capitalization of $105.03 billion, a PE ratio of 54.83, a P/E/G ratio of 1.28 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lifted their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays boosted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Evercore ISI boosted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.40.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction 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 owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Company 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.