KKR & Co. Inc. $KKR Stock Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 96.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,573 shares of the asset manager's stock after selling 2,128,872 shares during the quarter. Assenagon Asset Management S.A.'s holdings in KKR & Co. Inc. were worth $7,082,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Horizon Bancorp Inc. IN raised its holdings in KKR & Co. Inc. by 3.8% in the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager's stock worth $243,000 after purchasing an additional 95 shares during the period. Western Pacific Wealth Management LP grew its holdings in KKR & Co. Inc. by 34.8% in the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock valued at $36,000 after purchasing an additional 100 shares during the period. Wernau Asset Management Inc. grew its holdings in KKR & Co. Inc. by 1.0% in the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager's stock valued at $1,006,000 after purchasing an additional 104 shares during the period. Ausdal Financial Partners Inc. grew its holdings in KKR & Co. Inc. by 4.4% in the second quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager's stock valued at $243,000 after purchasing an additional 112 shares during the period. Finally, Mayflower Financial Advisors LLC grew its holdings in KKR & Co. Inc. by 4.0% in the first quarter. Mayflower Financial Advisors LLC now owns 2,907 shares of the asset manager's stock valued at $269,000 after purchasing an additional 113 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $89.18 on Wednesday. The company has a fifty day simple moving average of $99.85 and a 200-day simple moving average of $98.44. The firm has a market capitalization of $80.05 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 0.73 and a beta of 1.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $144.84.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 6.49 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared 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 was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.'s dividend payout ratio is 24.84%.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. BMO Capital Markets boosted their price target on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Argus upped their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a "hold" rating on the stock in a report on Monday, October 12th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.21.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider owned 8,513 shares in the company, valued at approximately $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 can be accessed through 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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