Vinva Investment Management Ltd Reduces Stock Position in KKR & Co. Inc. $KKR

Vinva Investment Management Ltd lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 51.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,357 shares of the asset manager’s stock after selling 5,703 shares during the quarter. Vinva Investment Management Ltd’s holdings in KKR & Co. Inc. were worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ESL Trust Services LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $28,000. Richardson Financial Services Inc. increased its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Finally, Pineridge Advisors LLC purchased a new position in KKR & Co. Inc. during the second quarter worth about $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $89.96 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $84.52 and a fifty-two week high of $153.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50 day moving average price of $111.64 and a 200 day moving average price of $122.90. The stock has a market capitalization of $80.20 billion, a P/E ratio of 38.44, a PEG ratio of 0.65 and a beta of 2.01.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up 76.1% compared to the same quarter last year. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Oppenheimer lowered their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Royal Bank Of Canada assumed coverage on KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price on the stock. UBS Group decreased their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Barclays lowered their price target on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

Insider Transactions at KKR & Co. Inc.

In other news, Director Matt Cohler bought 43,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer directly owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 393,872 shares of company stock worth $40,090,679 over the last quarter. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Company Profile

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.