KKR & Co. Inc. $KKR Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 0.8% during the second quarter, HoldingsChannel.com reports. The firm owned 11,117 shares of the asset manager’s stock after purchasing an additional 91 shares during the period. Wealthcare Advisory Partners LLC’s holdings in KKR & Co. Inc. were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. raised its stake in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after acquiring an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. during the first quarter worth about $38,000. GW&K Investment Management LLC raised its stake in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after acquiring an additional 111 shares during the period. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. during the first quarter worth about $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $124.58 on Wednesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $111.00 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91. The company has a 50-day moving average price of $139.92 and a two-hundred day moving average price of $128.55.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

Analyst Ratings Changes

Several research firms recently weighed in on KKR. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Finally, BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by company insiders.

About KKR & Co. Inc.

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.