WR Wealth Planners LLC Acquires 251 Shares of KKR & Co. Inc. (NYSE:KKR)

WR Wealth Planners LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 48.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 765 shares of the asset manager’s stock after purchasing an additional 251 shares during the quarter. WR Wealth Planners LLC’s holdings in KKR & Co. Inc. were worth $81,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Premier Path Wealth Partners LLC grew its stake in KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after purchasing an additional 99 shares during the last quarter. Whittier Trust Co. raised its stake in shares of KKR & Co. Inc. by 4.5% during the 1st quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after acquiring an additional 103 shares in the last quarter. First Bank & Trust raised its stake in shares of KKR & Co. Inc. by 1.6% during the 2nd quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after acquiring an additional 104 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in KKR & Co. Inc. by 2.1% during the second quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock valued at $552,000 after acquiring an additional 106 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in KKR & Co. Inc. by 0.9% in the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock valued at $1,020,000 after acquiring an additional 114 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $1.60 on Friday, hitting $123.77. The company had a trading volume of 2,849,322 shares, compared to its average volume of 3,146,846. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $128.79. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm has a market cap of $109.84 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. The company has a 50-day moving average price of $114.02 and a 200-day moving average price of $105.03.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the company earned $0.58 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. TD Cowen upped their price target on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating 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. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Tuesday, August 13th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, Barclays increased their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.93.

About KKR & Co. Inc.

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.