Northwestern Mutual Wealth Management Co. Decreases Position in KKR & Co. Inc. $KKR

Northwestern Mutual Wealth Management Co. trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,217 shares of the asset manager’s stock after selling 5,030 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in KKR & Co. Inc. were worth $6,445,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Praxis Investment Management Inc. boosted its stake in shares of KKR & Co. Inc. by 0.9% in the fourth quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after acquiring an additional 94 shares during the last quarter. Horizon Bancorp Inc. IN lifted its holdings in KKR & Co. Inc. by 3.8% in the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after purchasing an additional 95 shares in the last quarter. Western Pacific Wealth Management LP boosted its stake in KKR & Co. Inc. by 34.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Wernau Asset Management Inc. boosted its stake in KKR & Co. Inc. by 1.0% during the 1st quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after purchasing an additional 104 shares during the last quarter. Finally, Mission Wealth Management LP grew its holdings in shares of KKR & Co. Inc. by 0.5% during the fourth quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager’s stock worth $2,622,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $106.56 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $95.65 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.79. The firm’s 50-day moving average is $101.98 and its two-hundred day moving average is $97.74. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the prior year, the company posted $1.18 EPS. Analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is presently 24.84%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent research reports. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Argus increased their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Barclays raised their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.