Amundi Has $218.68 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• Amundi cut its KKR stake by 36.1% in the second quarter, selling 1.34 million shares and retaining 2.38 million shares valued at approximately $218.7 million. Institutional investors collectively own 76.26% of KKR.
• Wall Street remains generally positive on KKR, with 12 analysts issuing Buy ratings and three recommending Hold; the stock has a consensus “Moderate Buy” rating and a $130 average price target.
• KKR exceeded quarterly earnings expectations, reporting $1.63 in earnings per share versus $1.43 expected and $5.73 billion in revenue. Shares opened at $105.69, while the company maintains a $0.195 quarterly dividend.

Amundi lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 36.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,382,672 shares of the asset manager's stock after selling 1,343,368 shares during the quarter. Amundi owned approximately 0.27% of KKR & Co. Inc. worth $218,682,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. SouthState Bank Corp raised its holdings in shares of KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $29,000. MV Capital Management Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at $31,000. Finally, Hanson & Doremus Investment Management boosted its position in KKR & Co. Inc. by 83.3% during the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on KKR shares. TD Cowen boosted their target price on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings raised KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, June 16th. BMO Capital Markets increased their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. HSBC boosted their target price on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Finally, Oppenheimer increased their price target on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

KKR & Co. Inc. Trading Down 1.9%

Shares of KKR stock opened at $105.69 on Wednesday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The company has a market cap of $94.88 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. 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 business's 50 day moving average is $103.33 and its two-hundred day moving average is $97.90.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $1.18 earnings per share. Equities analysts predict that KKR & Co. Inc. will post 5.66 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a $0.195 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.'s payout ratio is presently 24.84%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares of the company's stock, valued at $924,341.54. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.20% of the stock is currently owned by insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR's investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

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