Bessemer Group Inc. Sells 628 Shares of KKR & Co. Inc. $KKR

Bessemer Group Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,077,292 shares of the asset manager’s stock after selling 628 shares during the quarter. Bessemer Group Inc. owned approximately 0.12% of KKR & Co. Inc. worth $143,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock valued at $6,654,245,000 after acquiring an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares during the period. Nuveen LLC bought a new stake in KKR & Co. Inc. during the first quarter valued at about $844,137,000. Amundi raised its holdings in KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after acquiring an additional 2,439,505 shares during the period. Finally, Jennison Associates LLC raised its holdings in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after acquiring an additional 4,306,290 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. JMP Securities reaffirmed a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday. Barclays lifted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Trading Up 0.2%

KKR opened at $121.23 on Monday. The firm has a market cap of $108.01 billion, a P/E ratio of 56.39, a P/E/G ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $133.93 and a 200 day moving average of $129.73.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter last year, the business posted $1.09 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 34.42%.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.