Valeo Financial Advisors LLC Reduces Stock Holdings in KKR & Co. Inc. $KKR

Valeo Financial Advisors LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,694 shares of the asset manager’s stock after selling 382 shares during the period. Valeo Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $891,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Bruce G. Allen Investments LLC boosted its holdings in shares of KKR & Co. Inc. by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 72 shares during the last quarter. PFG Advisors boosted its holdings in shares of KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after acquiring an additional 90 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 0.7% in the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after acquiring an additional 90 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager’s stock valued at $1,479,000 after acquiring an additional 91 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 1.3% in the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager’s stock valued at $858,000 after acquiring an additional 98 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Citigroup boosted their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $124.58 on Wednesday. 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 company has a fifty day moving average of $139.92 and a two-hundred day moving average of $128.55. The stock has a market capitalization of $111.00 billion, a PE ratio of 57.94, a P/E/G ratio of 1.38 and a beta of 1.91. 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 posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the business posted $1.09 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is a boost 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%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 34.42%.

KKR & Co. Inc. Company 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.