KKR & Co. Inc. $KKR Stock: Moneco Advisors LLC Decreases Position

Moneco Advisors LLC cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 54.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,050 shares of the asset manager’s stock after selling 10,685 shares during the period. Moneco Advisors LLC’s holdings in KKR & Co. Inc. were worth $826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silvant Capital Management LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at approximately $34,000. Compass Financial Management LLC raised its holdings in shares of KKR & Co. Inc. by 133.9% during the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after acquiring an additional 233 shares in the last quarter. Joseph Group Capital Management raised its holdings in shares of KKR & Co. Inc. by 29.4% during the 3rd quarter. Joseph Group Capital Management now owns 471 shares of the asset manager’s stock worth $43,000 after acquiring an additional 107 shares in the last quarter. Eastern Bank raised its holdings in shares of KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock worth $50,000 after acquiring an additional 120 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $54,000. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of KKR & Co. Inc. from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. BNP Paribas Exane reduced their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $134.00 price target on shares of KKR & Co. Inc. in a research note on Tuesday. HSBC lowered their price objective on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Finally, Bank of America dropped their price objective on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.32.

KKR & Co. Inc. Trading Down 2.9%

Shares of KKR stock opened at $97.13 on Friday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50 day simple moving average is $95.30 and its two-hundred day simple moving average is $97.87. The company has a market cap of $86.65 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.20. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $2.66 billion. KKR & Co. Inc. had a return on equity of 6.33% and a net margin of 16.38%. During the same period last year, the company earned $1.41 EPS. Research analysts predict that KKR & Co. Inc. will post 7.32 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.1950 per share. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. KKR & Co. Inc.’s dividend payout ratio is presently 22.74%.

More KKR & Co. Inc. News

These are some of the KKR news items that stood out recently:

• Positive Sentiment: KKR and RWE finalized a partnership to develop two U.K. offshore wind projects with about 2.8 gigawatts of capacity and a combined investment of roughly £12 billion. The project adds a substantial renewable-energy opportunity, although returns depend on execution and long-term operations. RWE, KKR finalise $16 billion investment in UK renewables
• Neutral Sentiment: KKR set a goal to hire 250,000 veterans and military spouses across its portfolio by 2040. The commitment may support portfolio-company recruiting and KKR’s reputation, but is not an immediate financial catalyst. KKR veteran hiring commitment
• Negative Sentiment: Oppenheimer issued a pessimistic forecast for KKR shares, adding a counterpoint to the recent analyst target increases. The report details provided do not specify its rationale or target. Oppenheimer issues pessimistic forecast for KKR

About KKR & Co. Inc.

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.