KKR & Co. Inc. $KKR Shares Sold by M&G PLC

M&G PLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,000 shares of the asset manager’s stock after selling 12,200 shares during the quarter. M&G PLC’s holdings in KKR & Co. Inc. were worth $7,930,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. raised its holdings in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in 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 approximately $33,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. UBS Group dropped their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Finally, TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Two equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Trading Up 0.5%

NYSE:KKR opened at $101.64 on Tuesday. The stock has a market cap of $90.60 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87. 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 stock’s 50-day moving average is $123.94 and its two-hundred day moving average is $128.29.

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

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.