Avidian Wealth Enterprises LLC Purchases Shares of 1,584 KKR & Co. Inc. $KKR

Avidian Wealth Enterprises LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,584 shares of the asset manager’s stock, valued at approximately $211,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake 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 buying an additional 2,437 shares during the period. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $218,000. International Assets Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 21.0% during the 1st quarter. International Assets Investment Management LLC now owns 2,927 shares of the asset manager’s stock valued at $338,000 after acquiring an additional 507 shares during the last quarter. Moran Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 28.0% during the 1st quarter. Moran Wealth Management LLC now owns 1,803 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 394 shares during the last quarter. Finally, Golden State Equity Partners boosted its position in shares of KKR & Co. Inc. by 8.2% during the 1st quarter. Golden State Equity Partners now owns 5,770 shares of the asset manager’s stock valued at $667,000 after acquiring an additional 439 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on 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 directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $120.93 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $107.74 billion, a PE ratio of 56.24, a P/E/G ratio of 1.38 and a beta of 1.91. The firm has a fifty day simple moving average of $134.35 and a two-hundred day simple moving average of $129.16. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted 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. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. Research analysts expect 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 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 yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.