TD Waterhouse Canada Inc. Sells 11,420 Shares of KKR & Co. Inc. $KKR

TD Waterhouse Canada Inc. trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,997 shares of the asset manager’s stock after selling 11,420 shares during the period. TD Waterhouse Canada Inc.’s holdings in KKR & Co. Inc. were worth $5,277,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Horizon Bancorp Inc. IN lifted its holdings in KKR & Co. Inc. by 3.8% during the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock worth $243,000 after buying an additional 95 shares in the last quarter. Western Pacific Wealth Management LP grew its holdings in shares of KKR & Co. Inc. by 34.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after buying an additional 100 shares during the period. Wernau Asset Management Inc. increased its holdings in shares of KKR & Co. Inc. by 1.0% in the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after acquiring an additional 104 shares in the last quarter. Mission Wealth Management LP lifted its stake in KKR & Co. Inc. by 0.5% in the fourth quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager’s stock valued at $2,622,000 after buying an additional 110 shares in the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of KKR & Co. Inc. by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,952 shares of the asset manager’s stock worth $249,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KKR shares. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. HSBC lifted their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane E. Holmes sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE:KKR opened at $107.81 on Monday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $152.10. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $96.77 billion, a P/E ratio of 34.33, a P/E/G ratio of 1.01 and a beta of 1.79. The business has a fifty day simple moving average of $102.68 and a 200 day simple moving average of $97.84.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the business earned $1.18 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.