Aberdeen Group plc Sells 14,015 Shares of KKR & Co. Inc. $KKR

Aberdeen Group plc lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,594 shares of the asset manager’s stock after selling 14,015 shares during the period. Aberdeen Group plc’s holdings in KKR & Co. Inc. were worth $33,889,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KKR. Brighton Jones LLC boosted its position in KKR & Co. Inc. by 109.6% in the fourth 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 bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $218,000. Sivia Capital Partners LLC boosted its holdings in shares of 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 worth $273,000 after buying an additional 237 shares during the last quarter. CWM LLC grew its position in KKR & Co. Inc. by 7.9% during the second quarter. CWM LLC now owns 9,698 shares of the asset manager’s stock valued at $1,290,000 after buying an additional 711 shares during the period. Finally, Harbour Investments Inc. grew its position in KKR & Co. Inc. by 41.0% during the second quarter. Harbour Investments Inc. now owns 939 shares of the asset manager’s stock valued at $125,000 after buying an additional 273 shares during the period. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KKR. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Finally, Oppenheimer lowered their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $101.64 on Tuesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $153.87. The business has a fifty day moving average price of $123.94 and a 200-day moving average price of $128.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $90.60 billion, a P/E ratio of 43.44, a PEG ratio of 0.79 and a beta of 1.99.

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

KKR & Co. Inc. Dividend Announcement

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

Insider Activity at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the purchase, the director owned 235,000 shares in the company, valued at approximately $24,658,550. The trade was a 27.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. 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.