Point72 Europe London LLP Sells 58,924 Shares of KKR & Co. Inc. $KKR

Key Points

• Point72 Europe London LLP decreased its stake in KKR & Co. Inc. by 30.1%, selling 58,924 shares, and now holds 136,625 shares valued at approximately $15.8 million.
• Multiple analysts raised their price targets for KKR & Co. Inc., with Citigroup and Barclays setting targets of $170.00 and $165.00 respectively, indicating a consensus rating of "Moderate Buy."
• KKR & Co. Inc. recently increased its quarterly dividend to $0.185 per share, reflecting a positive shift from the previous $0.18, maintaining a payout ratio of 34.42%.

Point72 Europe London LLP lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 30.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,625 shares of the asset manager's stock after selling 58,924 shares during the quarter. Point72 Europe London LLP's holdings in KKR & Co. Inc. were worth $15,795,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in KKR & Co. Inc. in the fourth quarter worth $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $50,199,000. National Bank of Canada FI lifted its holdings in KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock worth $90,078,000 after acquiring an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after acquiring an additional 2,006 shares during the period. Finally, CWM LLC grew its stake in KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after acquiring an additional 398 shares during the period. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KKR shares. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Barclays increased their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.07.

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $4.14 during midday trading on Wednesday, reaching $134.60. The company's stock had a trading volume of 3,812,613 shares, compared to its average volume of 2,812,390. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $119.92 billion, a P/E ratio of 62.60, a P/E/G ratio of 1.54 and a beta of 1.93. The business's 50 day moving average price is $141.78 and its two-hundred day moving average price is $126.19. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

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

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s payout ratio is 34.42%.

About KKR & Co. Inc.

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.