KKR & Co. Inc. (NYSE:KKR) is ValueAct Holdings L.P.’s 3rd Largest Position

ValueAct Holdings L.P. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 17.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 31,584,672 shares of the asset manager’s stock after selling 6,465,328 shares during the period. KKR & Co. Inc. makes up approximately 18.0% of ValueAct Holdings L.P.’s holdings, making the stock its 3rd largest holding. ValueAct Holdings L.P. owned about 0.05% of KKR & Co. Inc. worth $1,542,911,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Forsta AP Fonden increased its position in KKR & Co. Inc. by 4.5% in the first quarter. Forsta AP Fonden now owns 92,600 shares of the asset manager’s stock worth $4,524,000 after buying an additional 4,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of KKR & Co. Inc. by 230.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 280,101 shares of the asset manager’s stock worth $13,683,000 after acquiring an additional 195,224 shares during the period. Stifel Financial Corp boosted its holdings in shares of KKR & Co. Inc. by 7.8% in the first quarter. Stifel Financial Corp now owns 282,660 shares of the asset manager’s stock worth $13,808,000 after acquiring an additional 20,566 shares during the period. FineMark National Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 3.1% in the first quarter. FineMark National Bank & Trust now owns 206,035 shares of the asset manager’s stock worth $10,065,000 after acquiring an additional 6,229 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 982,240 shares of the asset manager’s stock worth $39,771,000 after acquiring an additional 53,361 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on KKR & Co. Inc. from $69.00 to $71.00 in a report on Wednesday, April 14th. Credit Suisse Group raised their price target on KKR & Co. Inc. from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, May 5th. Citigroup lifted their price objective on KKR & Co. Inc. from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, July 12th. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Zacks Investment Research raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $65.29.

NYSE KKR traded up $0.61 during trading hours on Thursday, reaching $59.99. 26,794 shares of the stock traded hands, compared to its average volume of 1,754,425. The firm has a 50 day moving average price of $57.30. KKR & Co. Inc. has a 1 year low of $32.72 and a 1 year high of $61.47. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $34.90 billion, a P/E ratio of 27.75 and a beta of 1.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, May 4th. The asset manager reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.13. KKR & Co. Inc. had a return on equity of 4.35% and a net margin of 58.79%. The business had revenue of $493.31 million for the quarter, compared to the consensus estimate of $609.55 million. During the same quarter last year, the business posted $0.42 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 2.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were given a dividend of $0.145 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 14th. This represents a $0.58 dividend on an annualized basis and a yield of 0.97%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 32.58%.

In other KKR & Co. Inc. news, General Counsel David Sorkin sold 12,546 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $58.50, for a total transaction of $733,941.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

KKR & Co Inc 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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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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