KKR & Co. Inc. $KKR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 149,785 shares of the asset manager’s stock after selling 8,303 shares during the period. ProShare Advisors LLC’s holdings in KKR & Co. Inc. were worth $19,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KKR. Saudi Central Bank bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. grew its position in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after acquiring an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at approximately $38,000. GW&K Investment Management LLC increased its position in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 111 shares during the period. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 0.8%

Shares of KKR opened at $121.13 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $107.92 billion, a P/E ratio of 56.34, a PEG ratio of 1.33 and a beta of 1.92. The business’s 50 day simple moving average is $129.13 and its 200-day simple moving average is $131.14. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a dividend of $0.185 per share. The ex-dividend date is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen lowered their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday. Barclays raised their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, Oppenheimer dropped their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.