2 weeks Ago By ABMN Staff
Maverick Capital Ltd. increased its stake in KKR & Co. Inc.
( NYSE:KKR – Free Report ) by 3,646.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,473 shares of the asset manager’s stock after acquiring an additional 165,923 shares during the quarter.
Maverick Capital Ltd.’s holdings in KKR & Co. Inc.
were worth $17,941,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of the stock. Riverview Trust Co bought a new stake in KKR & Co.
Inc. in the first quarter valued at $27,000. Versant Capital Management Inc raised its stake in KKR & Co.
Inc. by 622.9% during the 2nd quarter.
Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the period. Mather Group LLC. boosted its holdings in KKR & Co.
Inc. by 371.4% in the second quarter.
Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. American National Bank boosted its holdings in KKR & Co.
Inc. by 202.6% in the second quarter.
American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in KKR & Co.
Inc. in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.
26% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts recently issued reports on KKR shares. Wells Fargo & Company initiated coverage on shares of KKR & Co.
Inc. in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $130.
00 price target for the company. Citigroup lifted their price objective on shares of KKR & Co. Inc.
from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd.
TD Cowen upped their target price on shares of KKR & Co. Inc. from $145.
00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Hsbc Global Res raised shares of KKR & Co.
Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Argus raised KKR & Co.
Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company.
According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $128.
27. KKR & Co. Inc.
Trading Down 0.2 % NYSE KKR opened at $131.36 on Friday.
The business’s fifty day moving average is $119.88 and its 200-day moving average is $108.55.
The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.
07. The stock has a market capitalization of $116.57 billion, a price-to-earnings ratio of 29.
45, a PEG ratio of 1.11 and a beta of 1.62.
KKR & Co. Inc. has a one year low of $53.
72 and a one year high of $134.85. KKR & Co.
Inc. ( NYSE:KKR – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.
09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20.
The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion.
KKR & Co. Inc. had a net margin of 17.
99% and a return on equity of 5.05%. During the same quarter in the previous year, the firm posted $0.
58 earnings per share. Equities research analysts predict that KKR & Co. Inc.
will post 3.99 EPS for the current year. KKR & Co.
Inc. Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.
175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.
70 annualized dividend and a yield of 0.53%. KKR & Co.
Inc.’s payout ratio is 15.70%.
Insider Buying and Selling at KKR & Co. Inc. In other news, major shareholder Kkr Group Partnership L.
P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.
13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.
92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other KKR & Co.
Inc. news, major shareholder Genetic Disorder L.P.
Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.
00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, major shareholder Kkr Group Partnership L.P.
purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.
74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92.
The disclosure for this purchase can be found here . 39.34% of the stock is owned by corporate insiders.
KKR & Co. Inc. Profile ( Free Report ) KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments.
It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. See Also Receive News & Ratings for KKR & Co. Inc.
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