Rational Advisors LLC trimmed its holdings in shares of KKR & Co Inc Class A (NYSE:KKR) by 92.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,875 shares of the asset manager’s stock after selling 55,706 shares during the period. Rational Advisors LLC’s holdings in KKR & Co Inc Class A were worth $121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in KKR & Co Inc Class A by 36.5% in the 4th quarter. BlackRock Inc. now owns 576,003 shares of the asset manager’s stock valued at $12,131,000 after purchasing an additional 153,967 shares in the last quarter. Alps Advisors Inc. lifted its holdings in KKR & Co Inc Class A by 17.1% in the 1st quarter. Alps Advisors Inc. now owns 392,200 shares of the asset manager’s stock valued at $7,963,000 after purchasing an additional 57,400 shares in the last quarter. Forward Management LLC purchased a new position in KKR & Co Inc Class A in the 1st quarter valued at about $548,000. Stephens Inc. AR increased its stake in shares of KKR & Co Inc Class A by 14.2% during the 1st quarter. Stephens Inc. AR now owns 334,477 shares of the asset manager’s stock valued at $6,790,000 after acquiring an additional 41,644 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of KKR & Co Inc Class A by 4.0% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 91,788 shares of the asset manager’s stock valued at $1,862,000 after acquiring an additional 3,488 shares during the last quarter. Institutional investors and hedge funds own 62.00% of the company’s stock.

A number of research analysts have recently commented on KKR shares. Oppenheimer set a $29.00 price objective on shares of KKR & Co Inc Class A and gave the company a “buy” rating in a research note on Tuesday, July 10th. Citigroup upped their price objective on shares of KKR & Co Inc Class A from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $32.00 price objective on shares of KKR & Co Inc Class A in a research note on Friday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc Class A in a research note on Friday, July 27th. Finally, Morgan Stanley upped their price objective on shares of KKR & Co Inc Class A from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. KKR & Co Inc Class A presently has an average rating of “Buy” and an average price target of $29.75.

In other KKR & Co Inc Class A news, major shareholder Fund Holdings L.P. Kkr bought 25,773 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average price of $13.50 per share, with a total value of $347,935.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Credit Advisors (Us) Llc sold 2,437,424 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $73.96, for a total transaction of $180,271,879.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,662,644 shares of company stock valued at $713,884,917.

KKR opened at $25.37 on Friday. The company has a market cap of $13.50 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. KKR & Co Inc Class A has a 1 year low of $17.96 and a 1 year high of $27.95. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90.

KKR & Co Inc Class A (NYSE:KKR) last posted its earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $391.74 million. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. analysts expect that KKR & Co Inc Class A will post 1.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Investors of record on Monday, August 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, August 3rd. KKR & Co Inc Class A’s dividend payout ratio (DPR) is presently 28.57%.

KKR & Co Inc Class A Company 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, and middle market investments.

Read More: Market Capitalization and Individual Investors

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

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