KKR & Co. Inc. $KKR Shares Sold by Meitav Investment House Ltd.

Key Points

• Meitav Investment House Ltd. reduced its stake in KKR & Co. Inc. by 8.7%, owning 456,328 shares after selling 43,612 during the second quarter.
• Analysts have mixed evaluations for KKR, with a consensus rating of "Moderate Buy" and an average price target of $157.40.
• KKR recently announced a quarterly dividend increase to $0.185, resulting in an annualized yield of 0.6% and reflecting a payout ratio of 34.42%.

Meitav Investment House Ltd. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 456,328 shares of the asset manager's stock after selling 43,612 shares during the period. Meitav Investment House Ltd. owned 0.05% of KKR & Co. Inc. worth $60,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Bruce G. Allen Investments LLC lifted its position in KKR & Co. Inc. by 13.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock worth $78,000 after acquiring an additional 72 shares during the period. PFG Advisors lifted its holdings in shares of KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock valued at $239,000 after buying an additional 90 shares during the period. Chemistry Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 0.7% in the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager's stock valued at $1,628,000 after buying an additional 90 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager's stock valued at $1,479,000 after buying an additional 91 shares during the period. Finally, First Bank & Trust lifted its holdings in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent analyst reports. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of KKR & Co. Inc. in a report on Saturday, September 27th. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. JMP Securities reissued a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.40.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $126.79 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market cap of $112.96 billion, a price-to-earnings ratio of 58.97, a price-to-earnings-growth ratio of 1.40 and a beta of 1.91. The business has a fifty day moving average of $140.45 and a 200-day moving average of $128.58. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.'s payout ratio is currently 34.42%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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