Guggenheim Capital LLC Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Guggenheim Capital LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR – Get Rating) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,320 shares of the asset manager’s stock after selling 1,135 shares during the quarter. Guggenheim Capital LLC’s holdings in KKR & Co. Inc. were worth $486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. NuWave Investment Management LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $27,000. Riverview Trust Co bought a new position in KKR & Co. Inc. in the third quarter worth approximately $45,000. Atlas Capital Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $81,000. Capital Analysts LLC raised its position in shares of KKR & Co. Inc. by 339.5% during the 2nd quarter. Capital Analysts LLC now owns 1,758 shares of the asset manager’s stock valued at $82,000 after purchasing an additional 1,358 shares during the period. Finally, Alta Advisers Ltd bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 53.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on KKR shares. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Piper Sandler decreased their price objective on shares of KKR & Co. Inc. to $59.00 in a research report on Wednesday, November 16th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Monday, January 30th. Morgan Stanley lifted their price target on shares of KKR & Co. Inc. from $56.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 9th. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.92.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $50.31 on Friday. The stock has a market capitalization of $43.32 billion, a P/E ratio of -36.99, a PEG ratio of 2.76 and a beta of 1.55. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $41.77 and a 52 week high of $62.29. The firm has a fifty day simple moving average of $54.59 and a two-hundred day simple moving average of $50.78.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.16. KKR & Co. Inc. had a negative net margin of 14.70% and a positive return on equity of 5.71%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $1.59 EPS. The firm’s quarterly revenue was down 37.6% on a year-over-year basis. On average, analysts expect that KKR & Co. Inc. will post 3.47 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Friday, February 17th were paid a dividend of $0.155 per share. The ex-dividend date was Thursday, February 16th. This represents a $0.62 annualized dividend and a dividend yield of 1.23%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently -45.59%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the transaction, the insider now owns 37 shares in the company, valued at approximately $1,436.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the transaction, the insider now owns 37 shares in the company, valued at approximately $1,436.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Sorkin sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $55.44, for a total transaction of $2,217,600.00. Following the transaction, the insider now owns 1,434,144 shares in the company, valued at approximately $79,508,943.36. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Company Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.