Ingalls & Snyder LLC Sells 4,456 Shares of KKR & Co. Inc. $KKR

Ingalls & Snyder LLC cut its position in KKR & Co. Inc. (NYSE:KKR) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,068 shares of the asset manager’s stock after selling 4,456 shares during the quarter. Ingalls & Snyder LLC’s holdings in KKR & Co. Inc. were worth $3,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Bruce G. Allen Investments LLC lifted its holdings in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 72 shares during the last quarter. Cornerstone Advisory LLC boosted its holdings in KKR & Co. Inc. by 3.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after buying an additional 89 shares during the period. PFG Advisors boosted its holdings in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after buying an additional 90 shares during the period. Chemistry Wealth Management LLC grew its stake in KKR & Co. Inc. by 0.7% in the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after buying an additional 90 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in KKR & Co. Inc. by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager’s stock valued at $1,479,000 after acquiring an additional 91 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Evercore ISI lifted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Wells Fargo & Company increased their price target 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. Finally, Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 price objective for the company. One 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $121.23 on Friday. The company’s fifty day moving average price is $133.93 and its 200-day moving average price is $129.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $108.01 billion, a price-to-earnings ratio of 56.39, a PEG ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (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 analyst estimates 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 period in the previous year, the business earned $1.09 earnings per share. On average, equities 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 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 dividend payout ratio is currently 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.