KKR & Co. Inc. $KKR Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 55.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,087 shares of the asset manager’s stock after selling 194,083 shares during the quarter. Sapient Capital LLC’s holdings in KKR & Co. Inc. were worth $14,340,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd raised its holdings in KKR & Co. Inc. by 14.5% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after purchasing an additional 55,000 shares in the last quarter. Andra AP fonden boosted its holdings in KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after purchasing an additional 38,530 shares in the last quarter. Third View Private Wealth LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $3,126,000. Concurrent Investment Advisors LLC increased its position in KKR & Co. Inc. by 125.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after purchasing an additional 10,982 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of KKR & Co. Inc. by 152.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock worth $22,182,000 after buying an additional 105,070 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Key KKR & Co. Inc. News

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Quarterly earnings beat expectations: KKR reported second-quarter EPS of $1.63, ahead of the $1.42–$1.43 consensus and up from $1.18 a year earlier. Revenue reached $5.73 billion versus estimates of $2.95 billion. Growth was driven by higher assets under management, management fees, transaction fees, fundraising and inflows in its asset-management and insurance businesses. KKR Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Analysts raised price targets: Royal Bank of Canada increased its target from $125 to $134 and maintained an “outperform” rating, while Barclays raised its target from $124 to $135 and assigned an “overweight” rating. The new targets imply roughly 32% upside from the referenced share price, reinforcing confidence in KKR’s earnings and growth outlook. Analyst Price Target Updates
• Neutral Sentiment: Potential Integer Holdings acquisition: Reports say KKR is nearing a deal to acquire medical-device outsourcing company Integer Holdings. The transaction could expand KKR’s healthcare investment portfolio, although its eventual valuation, financing and execution risks remain unknown. KKR Nearing Deal to Acquire Integer Holdings
• Neutral Sentiment: Dividend declared: KKR announced a quarterly dividend of $0.195 per share, payable August 25 to shareholders of record August 10. The dividend provides continued shareholder income, though its approximately 0.8% annualized yield is unlikely to be a major share-price catalyst.

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group cut their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Barclays upped their price target 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. Finally, Royal Bank Of Canada increased their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.75.

KKR & Co. Inc. Trading Up 0.3%

NYSE:KKR opened at $101.69 on Monday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $95.99 and a 200-day simple moving average of $99.06. The company has a market capitalization of $91.31 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.89%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company earned $1.18 EPS. On average, equities research analysts expect that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be given a $0.195 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.

KKR & Co. Inc. announced that its board has initiated a share repurchase plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

KKR & Co. Inc. 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.