KKR & Co Inc (NYSE:KKR) is Private Capital Management LLC’s 2nd Largest Position

Private Capital Management LLC reduced its holdings in KKR & Co Inc (NYSE:KKR) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,726,220 shares of the asset manager’s stock after selling 11,605 shares during the period. KKR & Co Inc comprises about 6.5% of Private Capital Management LLC’s holdings, making the stock its 2nd largest holding. Private Capital Management LLC’s holdings in KKR & Co Inc were worth $43,622,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of KKR & Co Inc by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 45,670,770 shares of the asset manager’s stock worth $1,154,100,000 after purchasing an additional 1,895,309 shares in the last quarter. Jackson Square Partners LLC raised its stake in shares of KKR & Co Inc by 3.4% in the 1st quarter. Jackson Square Partners LLC now owns 28,899,959 shares of the asset manager’s stock valued at $678,860,000 after acquiring an additional 937,164 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of KKR & Co Inc by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 18,441,046 shares of the asset manager’s stock valued at $433,180,000 after acquiring an additional 920,105 shares in the last quarter. BlackRock Inc. raised its stake in shares of KKR & Co Inc by 35.9% in the 1st quarter. BlackRock Inc. now owns 14,471,966 shares of the asset manager’s stock valued at $339,948,000 after acquiring an additional 3,823,413 shares in the last quarter. Finally, Akre Capital Management LLC raised its stake in shares of KKR & Co Inc by 0.8% in the 1st quarter. Akre Capital Management LLC now owns 12,753,600 shares of the asset manager’s stock valued at $299,582,000 after acquiring an additional 101,500 shares in the last quarter. 76.80% of the stock is owned by hedge funds and other institutional investors.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total value of $2,619,000.00. Following the completion of the sale, the general counsel now directly owns 73,528 shares in the company, valued at approximately $1,925,698.32. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

A number of brokerages recently weighed in on KKR. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday. Barclays began coverage on KKR & Co Inc in a research note on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price objective on the stock. ValuEngine raised KKR & Co Inc from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Credit Suisse Group downgraded KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, May 21st. Finally, Citigroup set a $34.00 price objective on KKR & Co Inc and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.53.

KKR traded down $0.58 during midday trading on Wednesday, reaching $27.98. The company’s stock had a trading volume of 75,714 shares, compared to its average volume of 2,604,465. The stock has a market cap of $15.42 billion, a P/E ratio of 14.62, a PEG ratio of 8.16 and a beta of 1.66. The company has a fifty day simple moving average of $25.83 and a 200 day simple moving average of $24.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.92. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $28.73.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $528.00 million during the quarter, compared to analyst estimates of $445.34 million. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. Sell-side analysts expect that KKR & Co Inc will post 1.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, August 2nd. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.

KKR & Co Inc Profile

KKR & Co L.P. 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.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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