Kraematon Investment Advisors Inc. Decreases Stock Holdings in KKR & Co. Inc. $KKR

Kraematon Investment Advisors Inc. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 8,621 shares of the asset manager’s stock after selling 268 shares during the period. Kraematon Investment Advisors Inc.’s holdings in KKR & Co. Inc. were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC grew its position in shares of KKR & Co. Inc. by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after buying an additional 72 shares during the last quarter. PFG Advisors boosted its holdings in KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after acquiring an additional 90 shares in the last quarter. Chemistry Wealth Management LLC increased its position in KKR & Co. Inc. by 0.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after purchasing an additional 90 shares during the period. First Bank & Trust raised its holdings in KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock worth $858,000 after purchasing an additional 98 shares in the last quarter. Finally, MGB Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 1.8% in the 1st quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager’s stock worth $672,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Finally, JMP Securities reiterated a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Stock Performance

KKR stock opened at $127.51 on Friday. The stock’s 50 day simple moving average is $140.96 and its 200 day simple moving average is $128.42. 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. The stock has a market capitalization of $113.61 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

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.