Denali Advisors LLC Sells 5,759 Shares of KKR & Co. Inc. $KKR

Denali Advisors LLC lessened its position in KKR & Co. Inc. (NYSE:KKR) by 39.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,010 shares of the asset manager’s stock after selling 5,759 shares during the period. Denali Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,171,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter worth about $26,000. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $28,000. Richardson Financial Services Inc. increased its position in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $31,000. Finally, Atlantic Union Bankshares Corp bought a new stake in KKR & Co. Inc. during the third quarter worth $33,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $101.64 on Tuesday. The stock has a market cap of $90.60 billion, a P/E ratio of 43.44, a PEG ratio of 0.79 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $123.94 and its two-hundred day moving average price is $128.29. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 76.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KKR shares. UBS Group decreased their price objective on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Wednesday, January 28th. Two research 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 company. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $156.57.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of the stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Company 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.