KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC increased its position in KKR & Co. Inc. (NYSE:KKRGet Rating) by 37.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 209,564 shares of the asset manager’s stock after purchasing an additional 57,501 shares during the period. KKR & Co. Inc. accounts for about 1.7% of Zuckerman Investment Group LLC’s holdings, making the stock its 27th biggest holding. Zuckerman Investment Group LLC’s holdings in KKR & Co. Inc. were worth $9,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KKR. MetLife Investment Management LLC purchased a new stake in KKR & Co. Inc. in the first quarter valued at approximately $650,000. Dimensional Fund Advisors LP raised its position in KKR & Co. Inc. by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,357,303 shares of the asset manager’s stock valued at $79,368,000 after purchasing an additional 7,332 shares during the last quarter. Prudential PLC purchased a new stake in KKR & Co. Inc. in the 1st quarter valued at $699,000. Cetera Investment Advisers boosted its stake in KKR & Co. Inc. by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 16,890 shares of the asset manager’s stock worth $988,000 after purchasing an additional 1,795 shares during the period. Finally, Moors & Cabot Inc. grew its position in KKR & Co. Inc. by 25.6% during the 1st quarter. Moors & Cabot Inc. now owns 12,666 shares of the asset manager’s stock worth $741,000 after purchasing an additional 2,582 shares during the last quarter. 53.85% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $1.52 during midday trading on Wednesday, reaching $51.85. The company’s stock had a trading volume of 224,547 shares, compared to its average volume of 3,239,165. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $41.77 and a fifty-two week high of $73.30. The firm has a market capitalization of $44.65 billion, a PE ratio of -83.97, a P/E/G ratio of 2.72 and a beta of 1.56. The stock’s 50 day simple moving average is $49.80 and its 200 day simple moving average is $49.88.

KKR & Co. Inc. (NYSE:KKRGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The asset manager reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. KKR & Co. Inc. had a negative net margin of 5.75% and a positive return on equity of 6.99%. The firm had revenue of $887.91 million during the quarter, compared to analysts’ expectations of $800.74 million. On average, equities research analysts forecast that KKR & Co. Inc. will post 3.37 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, November 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is -98.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KKR. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, January 20th. Piper Sandler decreased their price objective on KKR & Co. Inc. to $59.00 in a research report on Wednesday, November 16th. Bank of America upgraded KKR & Co. Inc. from a “neutral” rating to a “buy” rating and lifted their target price for the company from $57.00 to $60.00 in a research note on Wednesday, November 2nd. Credit Suisse Group set a $45.50 price target on KKR & Co. Inc. in a research note on Wednesday, November 23rd. Finally, JMP Securities lowered their price objective on shares of KKR & Co. Inc. from $74.00 to $72.00 and set a “market outperform” rating on the stock in a research report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.83.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 32,842,183 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $9.41, for a total transaction of $309,044,942.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

(Get Rating)

KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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