Dakota Wealth Management Sells 304 Shares of KKR & Co. Inc. (NYSE:KKR)

Dakota Wealth Management lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,278 shares of the asset manager’s stock after selling 304 shares during the period. Dakota Wealth Management’s holdings in KKR & Co. Inc. were worth $1,535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. Brighton Jones LLC grew its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in KKR & Co. Inc. by 1.0% during the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager’s stock valued at $4,625,000 after purchasing an additional 316 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in KKR & Co. Inc. by 49.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,413 shares of the asset manager’s stock valued at $1,244,000 after purchasing an additional 2,778 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in KKR & Co. Inc. by 8.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 96,516 shares of the asset manager’s stock valued at $14,276,000 after purchasing an additional 7,590 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in KKR & Co. Inc. by 24.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 35,946 shares of the asset manager’s stock valued at $5,317,000 after purchasing an additional 7,105 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating and set a $150.00 price target on shares of KKR & Co. Inc. in a report on Monday. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a report on Wednesday, July 9th. Citigroup downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Monday. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Evercore ISI raised their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $154.33.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares of the company’s stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Scully acquired 13,250 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director owned 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 1.7%

Shares of KKR stock opened at $137.07 on Wednesday. The stock has a market cap of $122.08 billion, a P/E ratio of 57.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a fifty day moving average price of $126.52 and a 200 day moving average price of $128.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.22%.

About KKR & Co. Inc.

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.