TD Waterhouse Canada Inc. Lowers Position in KKR & Co. Inc. $KKR

TD Waterhouse Canada Inc. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 16.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 56,997 shares of the asset manager’s stock after selling 11,420 shares during the period. TD Waterhouse Canada Inc.’s holdings in KKR & Co. Inc. were worth $5,277,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd lifted its position in KKR & Co. Inc. by 14.5% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after purchasing an additional 55,000 shares during the last quarter. Andra AP fonden lifted its position in shares of KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock worth $5,331,000 after purchasing an additional 38,530 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in KKR & Co. Inc. by 152.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock worth $22,182,000 after buying an additional 105,070 shares during the period. Next Capital Management LLC lifted its stake in shares of KKR & Co. Inc. by 135.6% in the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock valued at $4,419,000 after purchasing an additional 27,498 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $7,358,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.1%

KKR stock opened at $107.81 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The stock has a market capitalization of $96.77 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. The firm’s fifty day simple moving average is $102.68 and its two-hundred day simple moving average is $97.84.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period last year, the company earned $1.18 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s payout ratio is 24.84%.

Wall Street Analyst Weigh In

Several research firms have commented on KKR. Royal Bank Of Canada boosted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Barclays upped their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets upped their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Argus raised their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insiders Place Their Bets

In other news, insider Dane E. Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.