1,836 Shares in KKR & Co. Inc. $KKR Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,836 shares of the asset manager’s stock, valued at approximately $244,000.

A number of other large investors have also recently added to or reduced their stakes in KKR. Brighton Jones LLC boosted its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the 4th quarter worth approximately $218,000. First Hawaiian Bank boosted its stake in KKR & Co. Inc. by 66.2% in the 1st quarter. First Hawaiian Bank now owns 3,080 shares of the asset manager’s stock worth $356,000 after purchasing an additional 1,227 shares during the period. AdvisorNet Financial Inc boosted its stake in KKR & Co. Inc. by 19.0% in the 1st quarter. AdvisorNet Financial Inc now owns 2,594 shares of the asset manager’s stock worth $300,000 after purchasing an additional 414 shares during the period. Finally, Parallel Advisors LLC boosted its stake in KKR & Co. Inc. by 5.4% in the 1st quarter. Parallel Advisors LLC now owns 10,056 shares of the asset manager’s stock worth $1,163,000 after purchasing an additional 512 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 0.2%

KKR stock opened at $134.33 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a fifty day simple moving average of $142.69 and a 200 day simple moving average of $128.18. The firm has a market cap of $119.68 billion, a PE ratio of 62.48, a PEG ratio of 1.47 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Insider Activity

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. 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 sale, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, JMP Securities reissued a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. 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.