Venture Visionary Partners LLC Sells 30,581 Shares of KKR & Co. Inc. $KKR

Key Points

• Venture Visionary Partners LLC cut its KKR stake by 63.3% in the third quarter, selling 30,581 shares and retaining 17,707 shares valued at approximately $1.62 million.
• Analysts remain broadly positive, with 12 Buy ratings and four Holds; KKR has a consensus rating of “Moderate Buy” and an average price target of $127.46.
• KKR reported quarterly earnings of $1.63 per share, surpassing estimates of $1.43, and maintains a quarterly dividend of $0.195 per share, equivalent to an annualized yield of about 0.9%.

Venture Visionary Partners LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 63.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,707 shares of the asset manager's stock after selling 30,581 shares during the period. Venture Visionary Partners LLC's holdings in KKR & Co. Inc. were worth $1,617,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Hanson & Doremus Investment Management boosted its stake in KKR & Co. Inc. by 83.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock worth $31,000 after purchasing an additional 150 shares during the period. Silvant Capital Management LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $34,000. Western Pacific Wealth Management LP grew its position in KKR & Co. Inc. by 34.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in KKR & Co. Inc. during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley reduced their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. BMO Capital Markets increased their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.46.

KKR & Co. Inc. Trading Down 1.0%

Shares of NYSE:KKR opened at $89.77 on Thursday. The firm has a fifty day moving average of $102.85 and a two-hundred day moving average of $98.57. 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 12-month low of $82.67 and a 12-month high of $144.84. The firm has a market capitalization of $80.58 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly 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 business 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 business posted $1.18 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 6.22 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

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

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.

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