Concurrent Investment Advisors LLC Has $853,000 Stock Position in KKR & Co. Inc. $KKR

Concurrent Investment Advisors LLC cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 36.4% in the second quarter, Holdings Channel reports. The firm owned 6,414 shares of the asset manager’s stock after selling 3,675 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KKR. Saudi Central Bank acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $28,000. DiNuzzo Private Wealth Inc. boosted its stake in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after acquiring an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. during the 1st quarter worth approximately $38,000. GW&K Investment Management LLC grew its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 111 shares during the period. Finally, SouthState Corp bought a new stake in KKR & Co. Inc. in the first quarter valued at approximately $44,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $117.54 on Friday. The company has a market capitalization of $104.72 billion, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.40 and a beta of 1.91. The business’s 50-day moving average price is $136.73 and its two-hundred day moving average price is $128.65. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. 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 posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the company earned $1.09 earnings per share. Equities analysts expect 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. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio is 34.42%.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. Barclays lifted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup decreased their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets started coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. Finally, JMP Securities reiterated a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.20.

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.