9258 Wealth Management LLC Has $561,000 Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

9258 Wealth Management LLC lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 5.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,331 shares of the asset manager’s stock after selling 315 shares during the period. 9258 Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in shares of KKR & Co. Inc. by 51.1% during the 4th quarter. Russell Investments Group Ltd. now owns 78,144 shares of the asset manager’s stock valued at $6,496,000 after acquiring an additional 26,431 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of KKR & Co. Inc. by 5.8% during the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after purchasing an additional 792 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of KKR & Co. Inc. by 23.5% during the fourth quarter. Van ECK Associates Corp now owns 15,077 shares of the asset manager’s stock worth $1,249,000 after purchasing an additional 2,871 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 12.3% in the fourth quarter. New York Life Investment Management LLC now owns 10,800 shares of the asset manager’s stock valued at $895,000 after buying an additional 1,184 shares during the period. Finally, M&T Bank Corp raised its holdings in KKR & Co. Inc. by 38.5% in the 4th quarter. M&T Bank Corp now owns 25,572 shares of the asset manager’s stock valued at $2,119,000 after buying an additional 7,107 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KKR. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. JMP Securities raised their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Evercore ISI increased their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.93.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $118.44 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $128.79. The company has a fifty day moving average of $115.05 and a 200-day moving average of $105.62. The firm has a market capitalization of $105.10 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.03 and a beta of 1.62.

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

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

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.