KKR & Co. Inc. $KKR Shares Acquired by Castleview Partners LLC

Key Points

• Castleview Partners increased its KKR stake by 27.1% in the third quarter, acquiring 13,014 additional shares and bringing its total holding to 60,980 shares valued at approximately $5.6 million.
• Institutional investors own 76.26% of KKR’s outstanding stock, with several major funds—including Principal Financial Group, Amundi, and First Manhattan—also increasing their positions.
• KKR reported quarterly EPS of $1.63, beating estimates by $0.20, while analysts maintain a “Moderate Buy” consensus with an average price target of $127.62. The company also pays a quarterly dividend of $0.195 per share, yielding about 0.9%.

Castleview Partners LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,980 shares of the asset manager's stock after acquiring an additional 13,014 shares during the quarter. KKR & Co. Inc. comprises about 2.4% of Castleview Partners LLC's portfolio, making the stock its 6th largest holding. Castleview Partners LLC's holdings in KKR & Co. Inc. were worth $5,568,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KKR. Principal Financial Group Inc. raised its holdings in shares of KKR & Co. Inc. by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager's stock worth $1,804,470,000 after acquiring an additional 1,261,314 shares in the last quarter. First Manhattan CO. LLC. increased its stake in KKR & Co. Inc. by 0.8% in the fourth quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager's stock worth $1,095,951,000 after purchasing an additional 67,441 shares during the period. Legal & General Group Plc purchased a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $470,778,000. Van Lanschot Kempen Investment Management N.V. grew its stake in KKR & Co. Inc. by 2.1% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,877,794 shares of the asset manager's stock worth $494,341,000 after purchasing an additional 79,449 shares in the last quarter. Finally, Amundi increased its holdings in KKR & Co. Inc. by 65.3% during the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager's stock worth $344,659,000 after purchasing an additional 1,472,265 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 1.5%

KKR stock opened at $90.95 on Friday. The stock has a market capitalization of $81.64 billion, a P/E ratio of 28.96, a P/E/G ratio of 0.78 and a beta of 1.83. The firm has a 50-day simple moving average of $102.40 and a 200-day simple moving average of $98.52. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter last year, the firm posted $1.18 EPS. Equities analysts forecast that KKR & Co. Inc. will post 6.22 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were given a $0.1950 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. KKR & Co. Inc.'s payout ratio is currently 24.84%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Evercore dropped their target price on KKR & Co. Inc. from $119.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Finally, Argus boosted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average price target of $127.62.

Insiders Place Their Bets

In other news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction 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 completion of the sale, the insider directly owned 8,513 shares of the company's stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is currently owned by company insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.

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