KKR & Co. Inc. $KKR Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 48.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 48,660 shares of the asset manager’s stock after selling 46,111 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in KKR & Co. Inc. were worth $6,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock worth $7,657,034,000 after acquiring an additional 821,739 shares during the period. Geode Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock worth $1,903,220,000 after acquiring an additional 146,285 shares during the period. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $1,715,929,000. Capital Research Global Investors grew its holdings in shares of KKR & Co. Inc. by 0.4% in the 4th quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock worth $714,195,000 after acquiring an additional 23,483 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of KKR & Co. Inc. by 1.7% in the 4th quarter. Legal & General Group Plc now owns 4,722,357 shares of the asset manager’s stock worth $602,006,000 after acquiring an additional 80,352 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.1%

Shares of KKR opened at $96.37 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $86.52 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The stock’s fifty day simple moving average is $97.27 and its 200 day simple moving average is $107.45. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock repurchase program on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on KKR. Piper Sandler lowered their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. UBS Group upped their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.53.

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.