Canada Pension Plan Investment Board Sells 29,414 Shares of Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)

Canada Pension Plan Investment Board cut its holdings in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) by 11.7% during the second quarter, HoldingsChannel reports. The firm owned 222,760 shares of the asset manager’s stock after selling 29,414 shares during the period. Canada Pension Plan Investment Board’s holdings in Kohlberg Kravis Roberts & Co. L.P. were worth $12,475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KKR. Disciplined Investments LLC increased its stake in shares of Kohlberg Kravis Roberts & Co. L.P. by 2,861.1% in the first quarter. Disciplined Investments LLC now owns 533 shares of the asset manager’s stock worth $28,000 after purchasing an additional 515 shares during the period. WealthPLAN Partners LLC bought a new position in shares of Kohlberg Kravis Roberts & Co. L.P. in the first quarter worth about $46,000. SkyView Investment Advisors LLC bought a new position in shares of Kohlberg Kravis Roberts & Co. L.P. in the first quarter worth about $49,000. Northwest Bank & Trust Co bought a new position in shares of Kohlberg Kravis Roberts & Co. L.P. in the second quarter worth about $56,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Kohlberg Kravis Roberts & Co. L.P. by 146.9% in the first quarter. Brown Brothers Harriman & Co. now owns 1,358 shares of the asset manager’s stock worth $71,000 after purchasing an additional 808 shares during the period. 54.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Kohlberg Kravis Roberts & Co. L.P. from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Wolfe Research began coverage on Kohlberg Kravis Roberts & Co. L.P. in a research note on Wednesday, October 4th. They set an “outperform” rating and a $75.00 price target on the stock. Oppenheimer lowered their price target on Kohlberg Kravis Roberts & Co. L.P. from $91.00 to $87.00 and set an “outperform” rating on the stock in a research note on Monday, October 9th. BMO Capital Markets boosted their price target on Kohlberg Kravis Roberts & Co. L.P. from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Finally, The Goldman Sachs Group boosted their price target on Kohlberg Kravis Roberts & Co. L.P. from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.97.

Kohlberg Kravis Roberts & Co. L.P. Stock Down 0.3 %

NYSE KKR opened at $66.41 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average is $60.76 and its two-hundred day moving average is $57.96. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.84 and a beta of 1.50. Kohlberg Kravis Roberts & Co. L.P. has a 1-year low of $45.03 and a 1-year high of $67.55.

Kohlberg Kravis Roberts & Co. L.P. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 16th. Kohlberg Kravis Roberts & Co. L.P.’s payout ratio is 21.78%.

Insider Buying and Selling at Kohlberg Kravis Roberts & Co. L.P.

In other news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $36.85, for a total value of $552,750,000.00. Following the transaction, the insider now directly owns 4,570,327 shares of the company’s stock, valued at approximately $168,416,549.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

Kohlberg Kravis Roberts & Co. L.P. Profile

Kohlberg Kravis Roberts & 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.