Matthew 25 Management Corp Sells 17,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Matthew 25 Management Corp decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,500 shares of the asset manager’s stock after selling 17,000 shares during the quarter. KKR & Co. Inc. comprises approximately 4.7% of Matthew 25 Management Corp’s portfolio, making the stock its 11th biggest holding. Matthew 25 Management Corp’s holdings in KKR & Co. Inc. were worth $13,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crestwood Advisors Group LLC grew its position in KKR & Co. Inc. by 2.1% in the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after acquiring an additional 94 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after acquiring an additional 99 shares in the last quarter. Whittier Trust Co. grew its position in KKR & Co. Inc. by 4.5% in the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after acquiring an additional 103 shares in the last quarter. First Bank & Trust grew its position in KKR & Co. Inc. by 1.6% in the second quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after acquiring an additional 104 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its position in KKR & Co. Inc. by 2.1% in the second quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock worth $552,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 1.9 %

KKR stock traded down $2.20 during trading on Friday, reaching $116.24. The company had a trading volume of 2,657,606 shares, compared to its average volume of 4,668,418. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The company has a market cap of $103.15 billion, a P/E ratio of 26.07, a PEG ratio of 1.03 and a beta of 1.62. The business has a 50 day moving average of $115.27 and a 200 day moving average of $105.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.58 earnings per share. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KKR. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Finally, JMP Securities boosted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $124.93.

KKR & Co. Inc. Company Profile

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.