Prime Capital Investment Advisors LLC Has $2.50 Million Holdings in KKR & Co. Inc. $KKR

Prime Capital Investment Advisors LLC lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 37.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,760 shares of the asset manager’s stock after selling 11,330 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,496,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KKR. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the first quarter worth $28,000. DiNuzzo Private Wealth Inc. boosted its holdings in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. during the first quarter worth $38,000. GW&K Investment Management LLC boosted its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. during the first quarter worth $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Saturday, September 27th. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.40.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR opened at $124.58 on Wednesday. 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 company has a market capitalization of $111.00 billion, a price-to-earnings ratio of 57.94, a P/E/G ratio of 1.38 and a beta of 1.91. The firm’s fifty day moving average price is $139.92 and its two-hundred day moving average price is $128.55. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data 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 the consensus estimate 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 firm earned $1.09 EPS. As a group, 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. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is presently 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.