KKR & Co. Inc. $KKR Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 57.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,493 shares of the asset manager’s stock after selling 7,338 shares during the quarter. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KKR. Asset Dedication LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. SouthState Bank Corp grew its holdings in shares of KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after buying an additional 148 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $29,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $102.57 on Friday. The business’s 50-day moving average is $95.49 and its two-hundred day moving average is $101.54. The company has a market capitalization of $92.10 billion, a P/E ratio of 34.89, a P/E/G ratio of 0.85 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion during the quarter. Research analysts predict that KKR & Co. Inc. will post 5.54 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.195 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 26.53%.

KKR & Co. Inc. declared that its board has authorized a stock repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KKR shares. TD Cowen reduced their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Oppenheimer dropped their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. UBS Group increased their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reduced their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.58.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the transaction, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. The trade was a 19.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.