Waverly Advisors LLC Has $7.82 Million Position in KKR & Co. Inc. $KKR

Waverly Advisors LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 24.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,199 shares of the asset manager’s stock after selling 27,946 shares during the quarter. Waverly Advisors LLC’s holdings in KKR & Co. Inc. were worth $7,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KKR. Nykredit A S acquired a new stake in KKR & Co. Inc. in the second quarter valued at approximately $13,766,000. Range Advisory LLC increased its holdings in shares of KKR & Co. Inc. by 7.6% during the second quarter. Range Advisory LLC now owns 2,886 shares of the asset manager’s stock worth $265,000 after buying an additional 204 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 1.0% during the second quarter. HighTower Advisors LLC now owns 148,755 shares of the asset manager’s stock worth $13,653,000 after buying an additional 1,524 shares in the last quarter. VELA Investment Management LLC lifted its stake in shares of KKR & Co. Inc. by 381.7% in the 2nd quarter. VELA Investment Management LLC now owns 6,310 shares of the asset manager’s stock valued at $579,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $243,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $104.21 on Thursday. The company has a fifty day moving average price of $103.57 and a 200-day moving average price of $97.91. The company has a market capitalization of $93.55 billion, a P/E ratio of 33.19, a PEG ratio of 0.99 and a beta of 1.79. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, equities analysts expect that KKR & Co. Inc. will post 5.66 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KKR. BMO Capital Markets raised their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Oppenheimer increased their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Royal Bank Of Canada lifted their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Argus boosted their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.20% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.