UMB Bank n.a. Cuts Stock Position in KKR & Co. Inc. $KKR

Key Points

• UMB Bank n.a. has significantly reduced its stake in KKR & Co. Inc. by 49.8%, now holding 6,228 shares valued at approximately $829,000.
• KKR recently reported stronger-than-expected quarterly earnings with an EPS of $1.18, surpassing analysts' estimates, and had revenues of $1.86 billion.
• The company increased its quarterly dividend to $0.185, marking a positive change from the previous dividend of $0.18, with a current yield of 0.5%.

UMB Bank n.a. reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 49.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,228 shares of the asset manager's stock after selling 6,177 shares during the quarter. UMB Bank n.a.'s holdings in KKR & Co. Inc. were worth $829,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after purchasing an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the last quarter. Nuveen LLC bought a new position in KKR & Co. Inc. during the 1st quarter valued at approximately $844,137,000. Amundi raised its position in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Finally, Jennison Associates LLC raised its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR stock opened at $148.96 on Monday. The company has a market cap of $132.72 billion, a P/E ratio of 69.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock's fifty day moving average price is $143.13 and its 200-day moving average price is $127.04.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the business posted $1.09 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change 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%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent analyst reports. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. JMP Securities reaffirmed a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research note on Wednesday, July 9th. Finally, Oppenheimer upped their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated 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 sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Company 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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