KKR & Co. Inc. $KKR Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,599 shares of the asset manager’s stock after selling 3,315 shares during the period. Itau Unibanco Holding S.A.’s holdings in KKR & Co. Inc. were worth $2,075,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at about $28,000. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $28,000. DiNuzzo Private Wealth Inc. grew its position in shares of KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 0.7%

KKR opened at $119.96 on Friday. 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 company has a market cap of $106.93 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The firm has a 50 day moving average price of $128.26 and a 200 day moving average price of $131.17. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the company posted $1.38 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Citigroup dropped their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, TD Cowen reduced their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $157.79.

KKR & Co. Inc. Company 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.