Matthew 25 Management Corp Trims Stock Holdings in KKR & Co. Inc. $KKR

Matthew 25 Management Corp trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the asset manager’s stock after selling 2,500 shares during the quarter. KKR & Co. Inc. makes up about 4.3% of Matthew 25 Management Corp’s portfolio, making the stock its 12th biggest position. Matthew 25 Management Corp’s holdings in KKR & Co. Inc. were worth $11,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Ameriflex Group Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $46,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth approximately $38,000. Finally, GW&K Investment Management LLC boosted its holdings in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Evercore ISI boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. JMP Securities reiterated a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Finally, Barclays boosted their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $157.73.

KKR & Co. Inc. Stock Down 0.8%

KKR & Co. Inc. stock opened at $141.09 on Tuesday. The business has a fifty day moving average of $138.16 and a two-hundred day moving average of $126.61. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market cap of $125.70 billion, a P/E ratio of 65.62, a P/E/G ratio of 1.53 and a beta of 1.87. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results 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. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%. During the same quarter in the prior year, the business earned $1.09 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the transaction, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. Corporate insiders own 39.34% of the company’s stock.

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.