BNP Paribas Arbitrage SA decreased its position in shares of KKR & Co Inc (NYSE:KKR) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,579 shares of the asset manager’s stock after selling 3,951 shares during the period. BNP Paribas Arbitrage SA’s holdings in KKR & Co Inc were worth $3,502,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new position in KKR & Co Inc in the 4th quarter worth approximately $221,000. Millennium Management LLC purchased a new position in KKR & Co Inc in the 4th quarter worth approximately $1,881,000. Geode Capital Management LLC grew its stake in KKR & Co Inc by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 3,646,338 shares of the asset manager’s stock worth $71,577,000 after buying an additional 180,248 shares in the last quarter. Pennsylvania Trust Co purchased a new position in KKR & Co Inc in the 1st quarter worth approximately $1,142,000. Finally, IFM Investors Pty Ltd purchased a new position in KKR & Co Inc in the 1st quarter worth approximately $740,000. 77.36% of the stock is currently owned by institutional investors.
In other KKR & Co Inc news, major shareholder Genetic Disorder L.P. Kkr acquired 2,647,100 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was bought at an average price of $17.00 per share, with a total value of $45,000,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel David Sorkin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the completion of the sale, the general counsel now directly owns 73,528 shares of the company’s stock, valued at approximately $1,925,698.32. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.
Shares of KKR & Co Inc stock opened at $23.98 on Friday. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 6.96 and a beta of 1.65. The company has a fifty day moving average of $25.76 and a 200-day moving average of $24.21. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.09 and a current ratio of 1.09.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $445.34 million. During the same period last year, the company posted $0.49 EPS. KKR & Co Inc’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, equities research analysts forecast that KKR & Co Inc will post 1.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
A number of research firms have commented on KKR. ValuEngine cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Citigroup set a $34.00 price target on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays began coverage on shares of KKR & Co Inc in a research note on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price target for the company. Finally, Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.70.
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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