Advisors Asset Management Inc. Has $913,000 Stock Holdings in KKR & Co. Inc. $KKR

Advisors Asset Management Inc. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 59.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,024 shares of the asset manager’s stock after selling 10,193 shares during the quarter. Advisors Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ABC Arbitrage SA bought a new position in KKR & Co. Inc. in the third quarter valued at approximately $3,429,000. Waterway Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 43.3% in the 3rd quarter. Waterway Wealth Management LLC now owns 10,788 shares of the asset manager’s stock valued at $1,402,000 after buying an additional 3,258 shares during the last quarter. First National Trust Co grew its stake in shares of KKR & Co. Inc. by 116.1% in the third quarter. First National Trust Co now owns 4,588 shares of the asset manager’s stock valued at $596,000 after buying an additional 2,465 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in KKR & Co. Inc. by 1.2% during the third quarter. Wealthfront Advisers LLC now owns 54,743 shares of the asset manager’s stock worth $7,114,000 after buying an additional 662 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in KKR & Co. Inc. by 16.1% during the third quarter. Johnson Investment Counsel Inc. now owns 4,997 shares of the asset manager’s stock worth $649,000 after buying an additional 692 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KKR shares. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Finally, UBS Group cut their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.57.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s 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 transaction, the director owned 235,000 shares of the company’s stock, valued at $24,658,550. The trade was a 27.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $102.38 on Wednesday. KKR & Co. Inc. has a one year low of $86.15 and a one year 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 $123.27 and its 200 day moving average is $128.00. The firm has a market cap of $91.26 billion, a P/E ratio of 43.75, a P/E/G ratio of 0.79 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results 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 business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The company’s revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

About KKR & Co. Inc.

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.