Denali Advisors LLC Cuts Stake in KKR & Co. Inc. $KKR

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

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC raised its stake in KKR & Co. Inc. by 13.1% during 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 during the last quarter. CWM LLC lifted its holdings in shares of KKR & Co. Inc. by 7.9% during the 2nd 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. lifted its holdings in shares of KKR & Co. Inc. by 41.0% during the 2nd 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the topic of several recent research reports. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Barclays reduced their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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 that occurred on Monday, February 9th. The stock was bought 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 directly owned 235,000 shares in the company, valued at $24,658,550. The trade was a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Up 0.5%

Shares of NYSE:KKR opened at $101.64 on Tuesday. The company 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. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87. 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 company has a 50-day moving average price of $123.94 and a 200 day moving average price of $128.29.

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 analysts’ consensus estimates 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 firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is 31.62%.

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.