Baker Tilly Wealth Management LLC Acquires 351 Shares of KKR & Co. Inc. $KKR

Baker Tilly Wealth Management LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,933 shares of the asset manager’s stock after buying an additional 351 shares during the period. Baker Tilly Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $789,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. NorthCrest Asset Manangement LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $262,000. Community Trust & Investment Co. boosted its holdings in shares of KKR & Co. Inc. by 1.3% during the 2nd quarter. Community Trust & Investment Co. now owns 151,444 shares of the asset manager’s stock valued at $20,147,000 after buying an additional 2,012 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KKR & Co. Inc. by 1.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 127,041 shares of the asset manager’s stock valued at $17,608,000 after buying an additional 1,213 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of KKR & Co. Inc. by 14.5% during the 2nd quarter. Wedmont Private Capital now owns 6,258 shares of the asset manager’s stock valued at $871,000 after buying an additional 793 shares in the last quarter. Finally, Swedbank AB raised its position in shares of KKR & Co. Inc. by 25.8% in the 2nd quarter. Swedbank AB now owns 92,728 shares of the asset manager’s stock worth $12,336,000 after purchasing an additional 19,033 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target for the company. in a research report on Wednesday, July 9th. Evercore ISI lifted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, JMP Securities reaffirmed a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Trading Up 0.2%

Shares of NYSE:KKR opened at $144.63 on Thursday. The stock has a 50 day moving average of $142.85 and a 200 day moving average of $126.62. The company has a market cap of $128.86 billion, a PE ratio of 67.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.09 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity

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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company 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.