ProShare Advisors LLC Has $17.87 Million Stake in KKR & Co. Inc. $KKR

ProShare Advisors LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,525 shares of the asset manager’s stock after selling 12,260 shares during the quarter. ProShare Advisors LLC’s holdings in KKR & Co. Inc. were worth $17,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allen Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 165.0% during the 3rd quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock worth $32,146,000 after purchasing an additional 154,009 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in KKR & Co. Inc. by 51.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,714 shares of the asset manager’s stock worth $613,000 after purchasing an additional 1,610 shares during the period. Lantz Financial LLC increased its position in KKR & Co. Inc. by 8.5% during the third quarter. Lantz Financial LLC now owns 1,766 shares of the asset manager’s stock worth $229,000 after buying an additional 139 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in KKR & Co. Inc. by 63.1% in the third quarter. Smartleaf Asset Management LLC now owns 4,290 shares of the asset manager’s stock valued at $577,000 after buying an additional 1,660 shares during the period. Finally, Canada Post Corp Registered Pension Plan raised its stake in KKR & Co. Inc. by 20.7% in the third quarter. Canada Post Corp Registered Pension Plan now owns 13,540 shares of the asset manager’s stock valued at $1,821,000 after buying an additional 2,320 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1%

KKR stock opened at $107.37 on Wednesday. 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 has a market capitalization of $95.70 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 0.92 and a beta of 1.99. The business’s fifty day moving average price is $126.04 and its two-hundred day moving average price is $129.63. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $1.32 EPS. The company’s revenue was up 76.1% compared to the same quarter last year. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer reduced their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Finally, UBS Group reduced their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. 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.