State of Alaska Department of Revenue Reduces Holdings in KKR & Co. Inc. (NYSE:KKR)

State of Alaska Department of Revenue trimmed its position in shares of KKR & Co. Inc. (NYSE:KKRGet Rating) by 12.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,477 shares of the asset manager’s stock after selling 2,230 shares during the quarter. State of Alaska Department of Revenue’s holdings in KKR & Co. Inc. were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of KKR. Asset Management One Co. Ltd. boosted its stake in shares of KKR & Co. Inc. by 5.3% during the second quarter. Asset Management One Co. Ltd. now owns 239,427 shares of the asset manager’s stock valued at $11,083,000 after purchasing an additional 12,055 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KKR & Co. Inc. by 2.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,705 shares of the asset manager’s stock valued at $3,782,000 after purchasing an additional 1,998 shares during the period. National Bank of Canada FI boosted its stake in shares of KKR & Co. Inc. by 99.9% during the third quarter. National Bank of Canada FI now owns 123,386 shares of the asset manager’s stock valued at $5,317,000 after purchasing an additional 61,675 shares during the period. CWA Asset Management Group LLC boosted its stake in shares of KKR & Co. Inc. by 3.9% during the second quarter. CWA Asset Management Group LLC now owns 13,246 shares of the asset manager’s stock valued at $613,000 after purchasing an additional 492 shares during the period. Finally, Redpoint Investment Management Pty Ltd purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at $281,000. 53.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 32,842,183 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $9.41, for a total transaction of $309,044,942.03. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $50.13 on Wednesday. The company has a market capitalization of $43.17 billion, a PE ratio of -79.57, a P/E/G ratio of 2.63 and a beta of 1.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50-day simple moving average of $49.71 and a two-hundred day simple moving average of $49.48. KKR & Co. Inc. has a one year low of $41.77 and a one year high of $73.30.

KKR & Co. Inc. (NYSE:KKRGet Rating) last announced its earnings results on Tuesday, November 1st. The asset manager reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. KKR & Co. Inc. had a negative net margin of 5.75% and a positive return on equity of 6.99%. The business had revenue of $887.91 million during the quarter, compared to the consensus estimate of $800.74 million. Research analysts expect that KKR & Co. Inc. will post 3.37 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th were issued a dividend of $0.155 per share. The ex-dividend date was Thursday, November 10th. This represents a $0.62 annualized dividend and a dividend yield of 1.24%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently -98.41%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, November 11th. Credit Suisse Group set a $45.50 price objective on shares of KKR & Co. Inc. in a research note on Wednesday, November 23rd. Piper Sandler lowered their price objective on shares of KKR & Co. Inc. to $59.00 in a research note on Wednesday, November 16th. Finally, JMP Securities lowered their price objective on shares of KKR & Co. Inc. from $74.00 to $72.00 and set a “market outperform” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

KKR & Co. Inc. Company Profile

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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.

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

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