Union Bancaire Privee UBP SA Lowers Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Union Bancaire Privee UBP SA significantly reduced its holdings in KKR & Co. Inc. by 80.7% during the second quarter, leaving it with 4,444 shares valued at approximately $549,000.
• Multiple institutional investors have recently increased their positions in KKR, with notable increases including a 790.3% increase by DiNuzzo Private Wealth Inc.
• KKR & Co. Inc. declared a quarterly dividend of $0.185 per share, reflecting an increase from the previous dividend, with a current yield of 0.6%.

Union Bancaire Privee UBP SA trimmed its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 80.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,444 shares of the asset manager's stock after selling 18,640 shares during the period. Union Bancaire Privee UBP SA's holdings in KKR & Co. Inc. were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new position in KKR & Co. Inc. in the 1st quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. raised its holdings in KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock worth $37,000 after acquiring an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. in the 1st quarter worth approximately $38,000. GW&K Investment Management LLC raised its holdings in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after acquiring an additional 111 shares during the last quarter. Finally, SouthState Corp purchased a new position in KKR & Co. Inc. in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KKR shares. JMP Securities restated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Barclays increased their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. 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 lifted their target price 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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 business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Down 3.5%

KKR opened at $129.75 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm's fifty day moving average is $142.39 and its 200 day moving average is $128.19. The stock has a market cap of $115.60 billion, a price-to-earnings ratio of 60.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal 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 paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

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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