EntryPoint Capital LLC Sells 2,086 Shares of KKR & Co. Inc. (NYSE:KKR)

EntryPoint Capital LLC reduced its position in KKR & Co. Inc. (NYSE:KKR) by 70.0% in the first quarter, HoldingsChannel.com reports. The firm owned 894 shares of the asset manager’s stock after selling 2,086 shares during the period. EntryPoint Capital LLC’s holdings in KKR & Co. Inc. were worth $90,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital International Investors boosted its holdings in KKR & Co. Inc. by 1.9% in the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after buying an additional 805,122 shares during the period. Vanguard Group Inc. raised its stake in KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the period. Wellington Management Group LLP lifted its holdings in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in KKR & Co. Inc. by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after purchasing an additional 365,449 shares during the period. Finally, Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $649,798,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Evercore ISI upped their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Jefferies Financial Group dropped their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Barclays increased their target price on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, TD Cowen lowered their target price on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Trading Up 2.1 %

KKR stock traded up $2.40 during midday trading on Friday, reaching $119.11. The company’s stock had a trading volume of 1,296,731 shares, compared to its average volume of 4,921,402. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a fifty day simple moving average of $108.05 and a two-hundred day simple moving average of $99.37. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $119.87. The firm has a market capitalization of $105.70 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.03 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. On average, equities research analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.175 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.