Horizon Kinetics Asset Management LLC Sells 2,180 Shares of KKR & Co. Inc. $KKR

Horizon Kinetics Asset Management LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 40.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,178 shares of the asset manager’s stock after selling 2,180 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in KKR & Co. Inc. were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KKR. Saudi Central Bank purchased a new stake in KKR & Co. Inc. in the first quarter worth about $28,000. Clearstead Trust LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at about $28,000. Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $31,000. DiNuzzo Private Wealth Inc. lifted its position in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the period. Finally, SouthState Corp purchased a new position in KKR & Co. Inc. in the first quarter valued at $44,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 0.7%

NYSE KKR opened at $117.88 on Tuesday. The business has a fifty day moving average price of $125.22 and a 200 day moving average price of $131.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $105.07 billion, a P/E ratio of 54.83, a P/E/G ratio of 1.33 and a beta of 1.92. 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 earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.38 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.31.

KKR & Co. Inc. 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.