Mesirow Financial Investment Management Inc. Reduces Stock Position in KKR & Co. Inc. $KKR

Mesirow Financial Investment Management Inc. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,027 shares of the asset manager’s stock after selling 587 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in KKR & Co. Inc. were worth $4,128,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KKR. Saudi Central Bank purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at $28,000. DiNuzzo Private Wealth Inc. boosted its position in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at $38,000. GW&K Investment Management LLC boosted its position in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after buying an additional 111 shares during the period. Finally, SouthState Corp purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.2%

Shares of KKR & Co. Inc. stock opened at $118.36 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a 50-day moving average of $131.94 and a 200 day moving average of $130.08. The firm has a market cap of $105.45 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 1.33 and a beta of 1.91. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the business earned $1.09 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KKR has been the subject of several research reports. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. JMP Securities restated a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Insider Activity

In related news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.