Mirabella Financial Services LLP Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

Mirabella Financial Services LLP trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,782 shares of the asset manager’s stock after selling 482 shares during the quarter. Mirabella Financial Services LLP’s holdings in KKR & Co. Inc. were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of KKR & Co. Inc. by 2.9% in the first quarter. CWM LLC now owns 6,971 shares of the asset manager’s stock valued at $366,000 after purchasing an additional 194 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Driehaus Capital Management LLC now owns 5,492 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 198 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of KKR & Co. Inc. by 63.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 514 shares of the asset manager’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in shares of KKR & Co. Inc. by 0.5% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 37,920 shares of the asset manager’s stock valued at $1,760,000 after buying an additional 200 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of KKR & Co. Inc. by 1.4% in the 1st quarter. Independent Advisor Alliance now owns 15,530 shares of the asset manager’s stock worth $816,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 54.97% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Phorm Investors L.P. Kkr purchased 1,735,988 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average price of $3.30 per share, with a total value of $5,728,760.40. Following the completion of the acquisition, the insider now directly owns 24,411,968 shares in the company, valued at approximately $80,559,494.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $36.85, for a total transaction of $552,750,000.00. Following the transaction, the insider now directly owns 4,570,327 shares in the company, valued at approximately $168,416,549.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Phorm Investors L.P. Kkr bought 1,735,988 shares of KKR & Co. Inc. stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $5,728,760.40. Following the purchase, the insider now directly owns 24,411,968 shares in the company, valued at approximately $80,559,494.40. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $61.98 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50-day moving average of $59.63 and a 200-day moving average of $55.00. KKR & Co. Inc. has a 52 week low of $41.77 and a 52 week high of $63.64. The company has a market capitalization of $53.16 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 1.80 and a beta of 1.52.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Monday, August 7th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.23. KKR & Co. Inc. had a net margin of 11.02% and a return on equity of 4.50%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 1021.4% on a year-over-year basis. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 2.79 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 16th. KKR & Co. Inc.’s dividend payout ratio is currently 51.56%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Citigroup raised their target price on KKR & Co. Inc. from $69.00 to $75.00 in a research report on Tuesday, August 8th. Piper Sandler increased their target price on shares of KKR & Co. Inc. from $59.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $63.00 to $70.00 in a research note on Tuesday, August 8th. Finally, Barclays raised their price target on shares of KKR & Co. Inc. from $68.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.04.

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.