U.S. Capital Wealth Advisors LLC Buys 169 Shares of KKR & Co. Inc. (NYSE:KKR)

U.S. Capital Wealth Advisors LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,234 shares of the asset manager’s stock after acquiring an additional 169 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $340,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after buying an additional 218 shares in the last quarter. Mather Group LLC. increased its position in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after buying an additional 208 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Finally, Missouri Trust & Investment Co increased its position in KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after buying an additional 368 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $1.09 during mid-day trading on Friday, reaching $113.87. 2,052,293 shares of the stock traded hands, compared to its average volume of 4,947,361. The business has a 50-day moving average of $110.18 and a 200 day moving average of $101.84. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The stock has a market capitalization of $101.05 billion, a PE ratio of 25.53, a PEG ratio of 1.07 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Oppenheimer upped their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, Evercore ISI upped their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. Insiders sold 37,554,644 shares of company stock valued at $1,725,355,039 over the last quarter. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.