Citizens National Bank Trust Department Sells 155 Shares of KKR & Co. Inc. $KKR

Citizens National Bank Trust Department decreased its position in KKR & Co. Inc. (NYSE:KKR) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,400 shares of the asset manager’s stock after selling 155 shares during the quarter. Citizens National Bank Trust Department’s holdings in KKR & Co. Inc. were worth $452,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in shares of KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after acquiring an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock worth $818,000 after buying an additional 2,006 shares during the last quarter. CWM LLC boosted its holdings in shares of KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after buying an additional 398 shares during the last quarter. Western Financial Corp CA purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth about $739,000. Finally, Ground Swell Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth about $463,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KKR. JMP Securities reissued a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday, July 14th. 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. Wells Fargo & Company boosted 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. Citigroup boosted their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Barclays boosted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $124.58 on Wednesday. The company has a market cap of $111.00 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. 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 firm’s 50-day simple moving average is $139.92 and its two-hundred day simple moving average is $128.55.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared 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. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.