Matthew 25 Management Corp Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Matthew 25 Management Corp lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 11.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 127,500 shares of the asset manager’s stock after selling 17,000 shares during the period. KKR & Co. Inc. comprises 4.7% of Matthew 25 Management Corp’s holdings, making the stock its 11th largest position. Matthew 25 Management Corp’s holdings in KKR & Co. Inc. were worth $13,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in KKR & Co. Inc. in the first quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. boosted its holdings in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. American National Bank raised its position in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the period. Finally, Missouri Trust & Investment Co raised its position in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $2.20 on Friday, reaching $116.24. The company’s stock had a trading volume of 2,657,606 shares, compared to its average volume of 4,668,418. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The company has a market cap of $103.15 billion, a P/E ratio of 26.07, a PEG ratio of 1.03 and a beta of 1.62. The company has a 50-day simple moving average of $115.27 and a 200 day simple moving average of $105.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $0.58 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KKR shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Citigroup increased their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, JMP Securities raised their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $124.93.

KKR & Co. Inc. Company 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.