KKR & Co. Inc. $KKR Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,439 shares of the asset manager’s stock after selling 419 shares during the quarter. D.A. Davidson & CO.’s holdings in KKR & Co. Inc. were worth $1,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth about $28,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth about $38,000. GW&K Investment Management LLC lifted its holdings in shares of 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 period. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.9%

Shares of KKR opened at $122.32 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market capitalization of $108.98 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 1.36 and a beta of 1.91. The stock has a 50 day moving average price of $133.55 and a 200 day moving average price of $129.81.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $1.09 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. The ex-dividend date was Monday, August 11th. This is a positive change 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%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citizens Jmp downgraded KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Oppenheimer decreased their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Piper Sandler assumed coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target for the company. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.27.

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.