KKR & Co. Inc. $KKR Stock Position Lessened by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services cut its KKR stake by 11.1%, selling 13,960 shares in the third quarter; it still held 111,426 shares valued at about $10.2 million.
• KKR reported quarterly earnings of $1.78 per share, beating the $1.58 consensus, while revenue of $4.56 billion exceeded the $2.66 billion estimate.
• Analyst sentiment remained broadly positive: 17 analysts rated KKR a Buy and four a Hold, with an average price target of $123.58.

Kestra Advisory Services LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,426 shares of the asset manager's stock after selling 13,960 shares during the period. Kestra Advisory Services LLC's holdings in KKR & Co. Inc. were worth $10,173,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Silvant Capital Management LLC purchased a new stake in KKR & Co. Inc. during the 2nd quarter valued at about $34,000. Compass Financial Management LLC lifted its position in KKR & Co. Inc. by 133.9% in the third quarter. Compass Financial Management LLC now owns 407 shares of the asset manager's stock valued at $37,000 after purchasing an additional 233 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $46,000. Eastern Bank grew its holdings in shares of KKR & Co. Inc. by 28.1% in the third quarter. Eastern Bank now owns 547 shares of the asset manager's stock worth $50,000 after purchasing an additional 120 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in KKR & Co. Inc. by 54.7% during the 1st 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 last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KKR. BMO Capital Markets lowered their price objective on KKR & Co. Inc. from $118.00 to $109.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. BNP Paribas Exane cut their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "outperform" rating on the stock in a research report on Thursday, October 1st. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Finally, Bank of America decreased their target price on shares of KKR & Co. Inc. from $147.00 to $143.00 in a report on Tuesday, August 4th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $123.58.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $98.06 on Tuesday. The business's fifty day simple moving average is $95.80 and its two-hundred day simple moving average is $98.20. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84. The company has a market cap of $88.03 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 0.78 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the company posted $1.41 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dane Holmes sold 10,000 shares of the firm's 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 23.20% of the company's stock.

Key KKR & Co. Inc. News

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

• Positive Sentiment: KKR earned $1.78 per share, topping the $1.58 consensus estimate and improving on $1.41 a year earlier. Revenue was reported at $4.56 billion, above analysts’ estimate of $2.66 billion. Higher assets under management and fee-related performance revenue added to the results. KKR stock gains as Q3 earnings beat estimates and AUM rises
• Positive Sentiment: Reports also highlighted record profit, with asset sales and fees surging. The earnings beat and growth in recurring fee income are the clearest positive catalysts for the stock. KKR profit hits record as asset sales and fees surge
• Neutral Sentiment: KKR’s leadership said the firm is cautious about AI investments and has limited AI exposure, while warning that the boom will produce both winners and losers. This signals risk awareness but may temper expectations for direct participation in AI-driven growth. KKR’s Nuttall says firm will be cautious with AI bets

KKR & Co. Inc. Profile

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