12,525 KKR & Co. Inc. $KKR Shares Sold by Davidson Kahn Capital Management LLC

Key Points

• Davidson Kahn Capital Management cut its KKR stake by 37.7%, selling 12,525 shares and retaining 20,727 shares valued at approximately $1.89 million. Institutional investors collectively own 76.26% of KKR.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and a $124.05 price target, although several firms recently lowered their targets.
• KKR shares opened at $91.59, well below the consensus target, while the company reported quarterly EPS of $1.63 versus $1.43 expected and paid a quarterly dividend of $0.195 per share.

Davidson Kahn Capital Management LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 37.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,727 shares of the asset manager's stock after selling 12,525 shares during the period. Davidson Kahn Capital Management LLC's holdings in KKR & Co. Inc. were worth $1,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Silvant Capital Management LLC acquired a new position in KKR & Co. Inc. during the second quarter worth $34,000. GHP Investment Advisors Inc. bought a new stake in shares of KKR & Co. Inc. in the first quarter valued at approximately $39,000. Global Assets Advisory LLC bought a new position in KKR & Co. Inc. in the first quarter valued at approximately $46,000. Eastern Bank boosted its stake in shares of KKR & Co. Inc. by 28.1% in the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager's stock valued at $50,000 after purchasing an additional 120 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of KKR & Co. Inc. by 54.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager's stock valued at $58,000 after buying an additional 223 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company's stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KKR shares. Barclays dropped their price objective on KKR & Co. Inc. from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday. Piper Sandler lowered their target price on KKR & Co. Inc. from $128.00 to $121.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the company a "buy" rating in a report on Monday, August 3rd. BMO Capital Markets boosted their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of KKR & Co. Inc. in a report on Friday, September 11th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.05.

KKR & Co. Inc. Price Performance

KKR opened at $91.59 on Tuesday. The stock's 50 day simple moving average is $98.66 and its 200 day simple moving average is $100.13. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The firm has a market cap of $82.21 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 0.70 and a beta of 1.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm earned $1.18 EPS. As a group, analysts predict that KKR & Co. Inc. will post 7.35 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 24.84%.

More KKR & Co. Inc. News

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR appointed Brian J. Lee, former chief risk officer of Goldman Sachs, to its board and its audit and risk committees. The appointment increases the number of independent directors to eight of 12 and could strengthen oversight as KKR continues expanding across private markets. KKR Appoints Brian J. Lee to Board
• Positive Sentiment: Barclays maintained an “overweight” rating while lowering its price target from $130 to $127, still implying substantial upside based on the referenced share price. The continued bullish rating indicates confidence in KKR’s long-term earnings and asset-management growth prospects. Barclays KKR rating
• Positive Sentiment: A separate analysis highlights multiple growth engines supporting long-term compounding at KKR, reinforcing the investment case for continued expansion in alternative assets and fee-related earnings. Multiple Growth Engines Support Long-Term Compounding at KKR
• Positive Sentiment: Ben & Jerry’s is reportedly exploring a transaction with a KKR executive to separate the ice-cream brand from its current owner. If completed, the deal could create additional investment or advisory opportunities for KKR, although terms and KKR’s exact role remain unclear. Ben & Jerry’s deal report
• Neutral Sentiment: KKR’s presentation at the BMO conference may offer investors additional insight into its strategy and outlook, but no specific new financial guidance was provided in the headline. KKR BMO conference presentation
• Negative Sentiment: Autonomous lowered its KKR price target to $117, adding to evidence that some analysts are moderating expectations even as the longer-term outlook remains constructive. Autonomous KKR price-target reduction

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.

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