Fifth Third Wealth Advisors LLC Has $1.03 Million Stock Holdings in KKR & Co. Inc. $KKR

Fifth Third Wealth Advisors LLC cut its position in KKR & Co. Inc. (NYSE:KKR) by 1.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,745 shares of the asset manager’s stock after selling 132 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,030,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KKR. Saudi Central Bank acquired a new stake in KKR & Co. Inc. in the first quarter worth $28,000. DiNuzzo Private Wealth Inc. raised its holdings in KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. in the first quarter worth $38,000. GW&K Investment Management LLC raised its holdings in shares of 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 shares of KKR & Co. Inc. during the first quarter worth $44,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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 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 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 legal filing with the SEC, which is available at this link. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. HSBC lowered shares of 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. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Barclays raised their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.40.

KKR & Co. Inc. Stock Down 5.0%

KKR & Co. Inc. stock opened at $117.88 on Friday. The company has a market cap of $105.03 billion, a P/E ratio of 54.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.91. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a fifty day simple moving average of $138.46 and a 200 day simple moving average of $128.57. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business 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 earned $1.09 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a $0.185 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is 34.42%.

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.