Generali Asset Management SPA SGR Sells 2,811 Shares of KKR & Co. Inc. $KKR

Key Points

• Generali Asset Management SPA SGR reduced its holdings in KKR by 14.9%, selling 2,811 shares and bringing its total ownership to 16,053 shares, valued at approximately $2.14 million.
• Analyst ratings for KKR are mixed, with Citigroup lowering its price target from $170 to $150 but maintaining a "buy" rating, while others have rated the stock anywhere from "strong buy" to "sell".
• KKR recently increased its quarterly dividend to $0.185 per share, reflecting a commitment to returning value to shareholders, with an annualized yield of 0.6%.

Generali Asset Management SPA SGR lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,053 shares of the asset manager's stock after selling 2,811 shares during the period. Generali Asset Management SPA SGR's holdings in KKR & Co. Inc. were worth $2,136,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KKR. Brighton Jones LLC increased its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter worth about $218,000. Ritholtz Wealth Management increased its holdings in KKR & Co. Inc. by 53.0% during the first quarter. Ritholtz Wealth Management now owns 4,402 shares of the asset manager's stock worth $509,000 after buying an additional 1,524 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in KKR & Co. Inc. during the first quarter worth about $580,000. Finally, Grove Bank & Trust increased its holdings in KKR & Co. Inc. by 361.3% during the first quarter. Grove Bank & Trust now owns 549 shares of the asset manager's stock worth $63,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating for the company in a report on Monday. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JMP Securities reiterated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.20.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

KKR opened at $117.54 on Friday. The company has a market capitalization of $104.72 billion, a price-to-earnings ratio of 54.67, a PEG ratio of 1.40 and a beta of 1.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $136.73 and a 200-day moving average price of $128.65. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the previous year, the company earned $1.09 earnings per share. Equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

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.

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