Canandaigua National Bank & Trust Co. Has $1.10 Million Position in KKR & Co. Inc. $KKR

Canandaigua National Bank & Trust Co. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,242 shares of the asset manager’s stock after selling 117 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in KKR & Co. Inc. were worth $1,096,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $50,199,000. National Bank of Canada FI boosted its position in KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after purchasing an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in KKR & Co. Inc. by 39.6% during the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after purchasing an additional 2,006 shares during the last quarter. Finally, CWM LLC boosted its position in KKR & Co. Inc. by 4.6% during the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after purchasing an additional 398 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 price target for the company. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods raised their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Evercore ISI raised their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was 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 of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $144.71 on Tuesday. The stock’s 50-day simple moving average is $142.61 and its 200 day simple moving average is $126.37. The firm has a market capitalization of $128.93 billion, a PE ratio of 67.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $1.09 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

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.