KKR & Co. Inc. $KKR Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 8.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 51,634 shares of the asset manager’s stock after selling 5,014 shares during the period. Logan Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $6,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KKR. National Bank of Canada FI lifted its holdings in KKR & Co. Inc. by 44.0% in the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after acquiring an additional 237,987 shares during the last quarter. First Interstate Bank acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $3,115,000. Valeo Financial Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock worth $818,000 after purchasing an additional 2,006 shares during the last quarter. Aberdeen Group plc boosted its position in KKR & Co. Inc. by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after purchasing an additional 10,960 shares during the period. Finally, CWM LLC grew its stake in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after buying an additional 398 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KKR shares. Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Stock Up 0.9%

KKR & Co. Inc. stock opened at $122.32 on Tuesday. The stock has a market cap of $108.98 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 1.36 and a beta of 1.91. 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 company’s 50-day moving average price is $133.55 and its two-hundred day moving average price is $129.81. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $1.09 EPS. On average, analysts expect 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 given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is 34.42%.

KKR & Co. Inc. Company 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.