KKR & Co. Inc. $KKR Stake Lowered by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its KKR stake by 99.2% in the third quarter, selling 459,826 shares and retaining 3,898 shares valued at approximately $356,000.
• Despite the reduction, other major institutions—including Temasek, Legal & General, and Bank of New York Mellon—added or initiated positions, with institutional investors collectively owning 76.26% of KKR.
• KKR reported quarterly EPS of $1.63, exceeding the $1.43 analyst consensus, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $124.42.

Curated Wealth Partners LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 99.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,898 shares of the asset manager's stock after selling 459,826 shares during the period. Curated Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Legal & General Group Plc purchased a new position in KKR & Co. Inc. in the 2nd quarter valued at approximately $470,778,000. Bank of New York Mellon Corp acquired a new position in KKR & Co. Inc. during the second quarter worth $298,311,000. Temasek Holdings Private Ltd boosted its position in KKR & Co. Inc. by 164.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager's stock worth $325,859,000 after purchasing an additional 2,190,248 shares in the last quarter. Deutsche Bank AG acquired a new stake in KKR & Co. Inc. in the second quarter valued at $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in KKR & Co. Inc. in the second quarter valued at $147,628,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $86.11 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business's fifty day moving average price is $100.62 and its two-hundred day moving average price is $98.44. The stock has a market cap of $77.29 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.83. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the previous year, the firm posted $1.18 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 6.49 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. HSBC dropped their price target on KKR & Co. Inc. from $121.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, October 1st. Royal Bank Of Canada boosted their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. The Goldman Sachs Group lowered their price objective on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $97.00 price objective on the stock. Finally, BNP Paribas Exane dropped their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "outperform" rating for the company in a report on Thursday, October 1st. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $124.42.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider owned 8,513 shares of the company's stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.20% of the company's stock.

About KKR & Co. Inc.

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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