Childress Capital Advisors LLC Has $375,000 Holdings in KKR & Co. Inc. $KKR

Childress Capital Advisors LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,821 shares of the asset manager’s stock after acquiring an additional 120 shares during the period. Childress Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Nuveen LLC acquired a new position in KKR & Co. Inc. in the first quarter valued at about $844,137,000. Jennison Associates LLC lifted its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after buying an additional 4,306,290 shares in the last quarter. Amundi grew its holdings in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Finally, Unisphere Establishment raised its stake in shares of KKR & Co. Inc. by 1,594.5% in the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after acquiring an additional 1,187,900 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.0%

NYSE KKR opened at $127.35 on Thursday. The stock has a 50-day simple moving average of $141.97 and a 200 day simple moving average of $128.19. The company has a market capitalization of $113.46 billion, a PE ratio of 59.23, a P/E/G ratio of 1.42 and a beta of 1.91. 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. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.30% and a net margin of 12.95%.During the same quarter last year, the business earned $1.09 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is presently 34.42%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the 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 sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Piper Sandler started coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. Citigroup boosted their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a report on Wednesday, July 9th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $158.07.

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.