Kingswood Wealth Advisors LLC Sells 285 Shares of KKR & Co. Inc. $KKR

Kingswood Wealth Advisors LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,632 shares of the asset manager’s stock after selling 285 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $483,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in KKR & Co. Inc. in the 1st quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. raised its holdings in KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after buying an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. in the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC raised its holdings in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after buying an additional 111 shares during the last quarter. Finally, SouthState Corp bought a new position in KKR & Co. Inc. in the 1st quarter valued at approximately $44,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KKR. JMP Securities reiterated a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Barclays increased their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Citigroup increased their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.40.

Insider Activity at KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $123.82 on Friday. The company has a market capitalization of $110.32 billion, a PE ratio of 57.59, a P/E/G ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50 day simple moving average of $138.96 and a two-hundred day simple moving average of $128.53.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the firm posted $1.09 EPS. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share 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 a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend 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.