HB Wealth Management LLC Boosts Holdings in KKR & Co. Inc. $KKR

HB Wealth Management LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,111 shares of the asset manager’s stock after purchasing an additional 3,304 shares during the period. HB Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $10,524,000 as of its most recent SEC filing.

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

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $134.33 on Tuesday. The company has a market cap of $119.68 billion, a P/E ratio of 62.48, a P/E/G ratio of 1.47 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The business’s 50 day moving average price is $142.69 and its 200-day moving average price is $128.18. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is 34.42%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value 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 trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler assumed coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an “overweight” rating and a $150.00 price objective on the stock. Evercore ISI upped their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Finally, Oppenheimer upped their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average 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.