Denali Advisors LLC Cuts Stock Holdings in KKR & Co. Inc. $KKR

Denali Advisors LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 15.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,769 shares of the asset manager’s stock after selling 2,771 shares during the period. Denali Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,965,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $218,000. XML Financial LLC raised its stake in shares of KKR & Co. Inc. by 20.9% in the 1st quarter. XML Financial LLC now owns 4,846 shares of the asset manager’s stock valued at $560,000 after acquiring an additional 839 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of KKR & Co. Inc. by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 269,479 shares of the asset manager’s stock valued at $31,154,000 after acquiring an additional 19,820 shares during the period. Finally, Davidson Kahn Capital Management LLC raised its stake in shares of KKR & Co. Inc. by 47.2% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 21,631 shares of the asset manager’s stock valued at $2,501,000 after acquiring an additional 6,935 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Oppenheimer lowered their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 3.1%

NYSE KKR opened at $123.88 on Wednesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a 50-day simple moving average of $135.34 and a 200-day simple moving average of $129.04. 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 firm has a market capitalization of $110.37 billion, a PE ratio of 57.62, a price-to-earnings-growth ratio of 1.35 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.09 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a yield of 0.6%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

About KKR & Co. Inc.

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.