Iron Horse Wealth Management LLC Acquires 654 Shares of KKR & Co. Inc. $KKR

Iron Horse Wealth Management LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 8,175.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 662 shares of the asset manager’s stock after acquiring an additional 654 shares during the period. Iron Horse Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its position in KKR & Co. Inc. by 13.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after buying an additional 72 shares during the period. PFG Advisors increased its position in KKR & Co. Inc. by 4.5% during the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after buying an additional 90 shares during the period. Chemistry Wealth Management LLC increased its position in KKR & Co. Inc. by 0.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock worth $1,628,000 after buying an additional 90 shares during the period. Wealthcare Advisory Partners LLC increased its position in KKR & Co. Inc. by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager’s stock worth $1,479,000 after buying an additional 91 shares during the period. Finally, First Bank & Trust increased its position in KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock worth $858,000 after buying an additional 98 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KKR. Barclays increased their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. JMP Securities reissued a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price on the stock. in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $157.40.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $127.51 on Friday. The stock’s 50-day simple moving average is $140.96 and its 200 day simple moving average is $128.42. The firm has a market capitalization of $113.61 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $1.09 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is 34.42%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.