Greenhaven Road Investment Management L.P. Reduces Position in KKR & Co. Inc. $KKR

Greenhaven Road Investment Management L.P. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,700 shares of the asset manager’s stock after selling 10,000 shares during the quarter. KKR & Co. Inc. comprises 10.7% of Greenhaven Road Investment Management L.P.’s portfolio, making the stock its 2nd largest holding. Greenhaven Road Investment Management L.P.’s holdings in KKR & Co. Inc. were worth $31,222,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KKR. Brighton Jones LLC lifted its holdings in 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 last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Blair William & Co. IL lifted its stake in KKR & Co. Inc. by 10.5% during the first quarter. Blair William & Co. IL now owns 31,085 shares of the asset manager’s stock valued at $3,594,000 after purchasing an additional 2,953 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in KKR & Co. Inc. by 98.5% during the first quarter. Commonwealth Equity Services LLC now owns 191,540 shares of the asset manager’s stock worth $22,144,000 after buying an additional 95,024 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in KKR & Co. Inc. by 12.2% during the first quarter. Wealthspire Advisors LLC now owns 3,257 shares of the asset manager’s stock worth $377,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.4%

Shares of NYSE KKR opened at $128.29 on Friday. The firm has a market capitalization of $114.35 billion, a PE ratio of 54.36, a PEG ratio of 1.36 and a beta of 2.00. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $121.78 and a two-hundred day moving average price of $131.09.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Analysts Set New Price Targets

Several research analysts have issued reports on KKR shares. TD Cowen dropped their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Citigroup decreased their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Oppenheimer reduced their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. BMO Capital Markets started coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Finally, Morgan Stanley cut their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.