Equitable Trust Co. Has $3.38 Million Stock Position in KKR & Co. Inc. $KKR

Equitable Trust Co. decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,368 shares of the asset manager’s stock after selling 798 shares during the period. Equitable Trust Co.’s holdings in KKR & Co. Inc. were worth $3,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $218,000. CX Institutional acquired a new position in KKR & Co. Inc. in the 1st quarter worth $159,000. Opal Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $82,000. Finally, Dynamic Advisor Solutions LLC lifted its stake in KKR & Co. Inc. by 2.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager’s stock valued at $880,000 after purchasing an additional 163 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm’s 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 sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 39.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on KKR shares. Weiss Ratings cut shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.07.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $120.49 on Tuesday. The company has a market cap of $107.35 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.29 and a beta of 1.91. The business’s 50 day simple moving average is $137.96 and its 200 day simple moving average is $128.68. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month 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.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $1.09 earnings per share. Sell-side 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. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a 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 dividend payout ratio (DPR) is 34.42%.

KKR & Co. Inc. 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.