KKR & Co. Inc. $KKR Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,235 shares of the asset manager’s stock after selling 7,723 shares during the quarter. Corient Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $20,518,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Southeast Asset Advisors LLC lifted its stake in KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after buying an additional 68 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after acquiring an additional 72 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after acquiring an additional 75 shares during the period. Berbice Capital Management LLC lifted its position in KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in KKR & Co. Inc. by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 84 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $132.19 on Thursday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The firm has a market capitalization of $117.83 billion, a PE ratio of 56.01, a P/E/G ratio of 1.43 and a beta of 2.00. The company’s 50 day simple moving average is $123.05 and its 200 day simple moving average is $132.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $1.38 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent analyst reports. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Citigroup reduced their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Barclays raised their target price on KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. TD Cowen cut their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.79.

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.