KKR & Co. Inc. $KKR Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,810 shares of the asset manager’s stock after selling 100 shares during the period. Total Clarity Wealth Management Inc.’s holdings in KKR & Co. Inc. were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC boosted its holdings in 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 valued at $78,000 after purchasing an additional 72 shares during the last quarter. PFG Advisors boosted its holdings in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after purchasing an additional 90 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in KKR & Co. Inc. by 0.7% in 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 last quarter. Wealthcare Advisory Partners LLC boosted its holdings in KKR & Co. Inc. by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager’s stock valued at $1,479,000 after purchasing an additional 91 shares during the last quarter. Finally, First Bank & Trust boosted 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 valued at $858,000 after purchasing an additional 98 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 2.3%

NYSE KKR opened at $120.49 on Tuesday. 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 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market capitalization of $107.35 billion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.91. The firm has a 50 day moving average of $137.96 and a two-hundred day moving average of $128.68.

KKR & Co. Inc. (NYSE:KKR) last posted 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 net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. Barclays boosted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Citigroup reduced their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.07.

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.