Maestria Partners LLC Decreases Position in KKR & Co. Inc. $KKR

Key Points

• Maestria Partners cut its KKR stake by 13.2% in the second quarter, selling 35,000 shares and retaining 229,170 shares valued at approximately $21.0 million. KKR remains about 7.3% of the firm’s portfolio.
• Analyst sentiment remains positive, with 12 Buy ratings and three Holds; KKR has a consensus “Moderate Buy” rating and an average price target of $130.
• KKR exceeded quarterly earnings expectations, reporting $1.63 in earnings per share versus the $1.43 consensus, while declaring a quarterly dividend of $0.195 per share, equivalent to a 0.7% yield.

Maestria Partners LLC reduced its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,170 shares of the asset manager's stock after selling 35,000 shares during the quarter. KKR & Co. Inc. comprises approximately 7.3% of Maestria Partners LLC's portfolio, making the stock its 8th biggest holding. Maestria Partners LLC's holdings in KKR & Co. Inc. were worth $21,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. SouthState Bank Corp lifted its stake in shares of KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after acquiring an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $29,000. Finally, MV Capital Management Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KKR. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. Barclays raised their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. TD Cowen boosted their price objective on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. HSBC upped their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Finally, Oppenheimer raised their target price on 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.00.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $109.83 on Friday. The stock's 50 day simple moving average is $102.32 and its two-hundred day simple moving average is $97.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $98.59 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.00 and a beta of 1.79. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.18 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 5.66 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

About KKR & Co. Inc.

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.

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