Menlo Advisors LLC Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Menlo Advisors LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 74,955 shares of the asset manager’s stock after selling 200 shares during the quarter. KKR & Co. Inc. comprises about 4.4% of Menlo Advisors LLC’s holdings, making the stock its 9th biggest holding. Menlo Advisors LLC’s holdings in KKR & Co. Inc. were worth $7,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KKR. Wellington Management Group LLP raised its holdings in KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Norges Bank bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $649,798,000. Winslow Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $344,354,000. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. during the first quarter worth approximately $217,004,000. Finally, Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after buying an additional 1,728,782 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. TD Cowen upped their price objective on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company started coverage on shares of KKR & Co. Inc. in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $126.54 on Tuesday. The stock has a market capitalization of $112.30 billion, a PE ratio of 28.37, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day moving average price of $117.09 and a two-hundred day moving average price of $106.97.

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

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders 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 annualized dividend and a dividend yield of 0.55%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.