KKR & Co. Inc. (NYSE:KKR) Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,308 shares of the asset manager’s stock after selling 567 shares during the period. Spire Wealth Management’s holdings in KKR & Co. Inc. were worth $1,190,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $14,838,000. Yousif Capital Management LLC raised its stake in KKR & Co. Inc. by 4.5% during the 4th quarter. Yousif Capital Management LLC now owns 7,924 shares of the asset manager’s stock worth $657,000 after acquiring an additional 343 shares in the last quarter. Truist Financial Corp lifted its position in KKR & Co. Inc. by 1.4% in the fourth quarter. Truist Financial Corp now owns 80,236 shares of the asset manager’s stock valued at $6,648,000 after acquiring an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in KKR & Co. Inc. by 51.1% in the fourth quarter. Russell Investments Group Ltd. now owns 78,144 shares of the asset manager’s stock valued at $6,496,000 after acquiring an additional 26,431 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in shares of KKR & Co. Inc. by 5.8% during the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock worth $1,204,000 after purchasing an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JMP Securities boosted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Citigroup increased their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.93.

KKR & Co. Inc. Trading Up 1.3 %

Shares of NYSE:KKR traded up $1.60 during trading on Friday, reaching $123.77. 2,849,322 shares of the stock were exchanged, compared to its average volume of 3,146,846. The firm’s 50-day moving average price is $114.02 and its 200 day moving average price is $105.03. The firm has a market cap of $109.84 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $0.58 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.57%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.