KKR & Co. Inc. $KKR Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,634 shares of the asset manager’s stock after selling 5,014 shares during the period. Logan Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $6,869,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KKR. Bruce G. Allen Investments LLC increased its holdings in shares of KKR & Co. Inc. by 13.9% during 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. Cornerstone Advisory LLC grew its position in KKR & Co. Inc. by 3.0% during the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock valued at $412,000 after acquiring an additional 89 shares during the period. PFG Advisors increased its stake in KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after acquiring an additional 90 shares during the last quarter. Chemistry Wealth Management LLC raised its holdings in shares of 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 worth $1,628,000 after purchasing an additional 90 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company’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 sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR opened at $122.32 on Tuesday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a market cap of $108.98 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 1.36 and a beta of 1.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $133.55 and a 200 day simple moving average of $129.81.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share 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 analysts’ expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the company posted $1.09 EPS. Equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.6%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

Analyst Ratings Changes

A number of research firms recently issued reports on KKR. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective for the company. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Citigroup lowered their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

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.