Kayne Anderson Capital Advisors LP Purchases 2,200 Shares of KKR & Co. Inc. (NYSE:KKR)

Kayne Anderson Capital Advisors LP grew its position in KKR & Co. Inc. (NYSE:KKR – Get Rating) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,450 shares of the asset manager’s stock after purchasing an additional 2,200 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in KKR & Co. Inc. were worth $2,685,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of KKR & Co. Inc. by 4.0% in the third quarter. Empowered Funds LLC now owns 17,745 shares of the asset manager’s stock valued at $763,000 after purchasing an additional 684 shares in the last quarter. Prudential Financial Inc. increased its position in shares of KKR & Co. Inc. by 76.9% in the third quarter. Prudential Financial Inc. now owns 52,520 shares of the asset manager’s stock valued at $2,274,000 after acquiring an additional 22,824 shares during the last quarter. First Pacific Advisors LP increased its position in shares of KKR & Co. Inc. by 13.7% in the third quarter. First Pacific Advisors LP now owns 11,600 shares of the asset manager’s stock valued at $499,000 after acquiring an additional 1,400 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of KKR & Co. Inc. by 9.9% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 11,132 shares of the asset manager’s stock valued at $479,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Financial Management Network Inc. increased its position in shares of KKR & Co. Inc. by 47.7% in the third quarter. Financial Management Network Inc. now owns 8,466 shares of the asset manager’s stock valued at $401,000 after acquiring an additional 2,736 shares during the last quarter. 53.85% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.52 on Wednesday, hitting $51.85. The stock had a trading volume of 224,547 shares, compared to its average volume of 3,239,165. KKR & Co. Inc. has a twelve month low of $41.77 and a twelve month high of $73.30. The business’s 50 day moving average is $49.80 and its two-hundred day moving average is $49.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.79. The stock has a market cap of $44.65 billion, a price-to-earnings ratio of -83.97, a price-to-earnings-growth ratio of 2.72 and a beta of 1.56.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last posted its earnings results on Tuesday, November 1st. The asset manager reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. KKR & Co. Inc. had a positive return on equity of 6.99% and a negative net margin of 5.75%. The company had revenue of $887.91 million for the quarter, compared to the consensus estimate of $800.74 million. Analysts forecast that KKR & Co. Inc. will post 3.37 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, November 10th. KKR & Co. Inc.’s payout ratio is -98.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KKR shares. Piper Sandler lowered their target price on KKR & Co. Inc. to $59.00 in a research report on Wednesday, November 16th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Credit Suisse Group set a $45.50 target price on KKR & Co. Inc. in a research report on Wednesday, November 23rd. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, January 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $66.00 to $67.00 in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $65.83.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 32,842,183 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $9.41, for a total value of $309,044,942.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Company Profile

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. It manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management segment and Insurance segment.