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

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

A number of other institutional investors have also recently modified their holdings of KKR. ESL Trust Services LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth $26,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the second quarter worth about $28,000. Richardson Financial Services Inc. grew its stake in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Pineridge Advisors LLC bought a new position in KKR & Co. Inc. in the 2nd quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $33,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KKR shares. Barclays reduced their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $107.37 on Wednesday. The firm’s fifty day moving average price is $126.04 and its two-hundred day moving average price is $129.63. The stock has a market cap of $95.70 billion, a PE ratio of 45.88, a PEG ratio of 0.92 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. 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 quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm’s revenue was up 76.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

About KKR & Co. Inc.

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.