KKR & Co. Inc. $KKR Shares Sold by Greenleaf Trust

Greenleaf Trust cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,733 shares of the asset manager’s stock after selling 265 shares during the period. Greenleaf Trust’s holdings in KKR & Co. Inc. were worth $896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bruce G. Allen Investments LLC lifted its holdings in KKR & Co. Inc. by 13.9% in the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 72 shares during the last quarter. PFG Advisors lifted its holdings in KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after acquiring an additional 90 shares during the last quarter. Chemistry Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 0.7% in the second quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after acquiring an additional 90 shares during the last quarter. First Bank & Trust lifted its holdings in KKR & Co. Inc. by 1.3% in the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock valued at $858,000 after acquiring an additional 98 shares during the last quarter. Finally, MGB Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 1.8% in the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager’s stock valued at $672,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on 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 owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 2.0%

NYSE:KKR opened at $127.35 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $141.97 and its two-hundred day moving average is $128.19. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market capitalization of $113.46 billion, a price-to-earnings ratio of 59.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data 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 return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. Research analysts anticipate 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 given a dividend of $0.185 per share. This is an increase 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%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is currently 34.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on KKR shares. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a report on Wednesday, July 9th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays upped their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $158.07.

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.