KKR & Co. Inc. (NYSE:KKR) Stake Lessened by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKRGet Rating) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,862 shares of the asset manager’s stock after selling 3,242 shares during the period. Amalgamated Bank’s holdings in KKR & Co. Inc. were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 33,640,830 shares of the asset manager’s stock valued at $1,966,980,000 after purchasing an additional 624,549 shares during the period. Principal Financial Group Inc. lifted its position in KKR & Co. Inc. by 4.7% in the 1st quarter. Principal Financial Group Inc. now owns 22,458,085 shares of the asset manager’s stock worth $1,313,125,000 after buying an additional 1,017,515 shares in the last quarter. Akre Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 0.9% during the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after buying an additional 134,660 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 14.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 10,694,198 shares of the asset manager’s stock valued at $625,290,000 after acquiring an additional 1,372,217 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $783,509,000. 52.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, Director Matt Cohler acquired 18,710 shares of the stock in a transaction dated Monday, August 8th. The shares were acquired at an average price of $52.99 per share, for a total transaction of $991,442.90. Following the completion of the purchase, the director now owns 86,837 shares in the company, valued at approximately $4,601,492.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel David Sorkin sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $56.94, for a total value of $3,416,400.00. Following the sale, the general counsel now owns 1,474,144 shares in the company, valued at $83,937,759.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matt Cohler purchased 18,710 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were acquired at an average price of $52.99 per share, for a total transaction of $991,442.90. Following the purchase, the director now directly owns 86,837 shares of the company’s stock, valued at $4,601,492.63. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Down 2.2 %

KKR stock opened at $45.11 on Friday. The stock has a market capitalization of $38.79 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 3.78 and a beta of 1.53. The company has a 50-day moving average of $51.95 and a two-hundred day moving average of $52.53. KKR & Co. Inc. has a 52-week low of $44.28 and a 52-week high of $83.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKRGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The business had revenue of $303.10 million during the quarter, compared to analysts’ expectations of $1.82 billion. KKR & Co. Inc. had a return on equity of 7.23% and a net margin of 8.25%. The firm’s revenue was down 59.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 3.37 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were paid a $0.155 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.62 annualized dividend and a dividend yield of 1.37%. KKR & Co. Inc.’s payout ratio is 48.44%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI set a $65.00 price objective on KKR & Co. Inc. in a research report on Tuesday, July 19th. The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Wells Fargo & Company cut their price objective on shares of KKR & Co. Inc. from $72.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 13th. Piper Sandler decreased their target price on shares of KKR & Co. Inc. from $86.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.04.

KKR & Co. Inc. Company Profile

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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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