Assetmark Inc. Decreases Stake in KKR & Co. Inc. $KKR

Assetmark Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,669 shares of the asset manager’s stock after selling 18,602 shares during the quarter. Assetmark Inc.’s holdings in KKR & Co. Inc. were worth $10,483,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $218,000. Sivia Capital Partners LLC grew its holdings in KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares in the last quarter. CWM LLC increased its stake in shares of KKR & Co. Inc. by 7.9% in the 2nd quarter. CWM LLC now owns 9,698 shares of the asset manager’s stock worth $1,290,000 after acquiring an additional 711 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of KKR & Co. Inc. by 41.0% in the 2nd quarter. Harbour Investments Inc. now owns 939 shares of the asset manager’s stock worth $125,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $101.64 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $90.60 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 0.79 and a beta of 1.99. The stock’s 50-day moving average price is $124.51 and its 200 day moving average price is $128.60. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business posted $1.32 earnings per share. The firm’s revenue was up 76.1% on a year-over-year basis. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.185 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KKR shares. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, UBS Group lowered their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.57.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the stock in a transaction dated Monday, February 9th. The stock was acquired at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the transaction, the director owned 235,000 shares in the company, valued at $24,658,550. The trade was a 27.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

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.