Securian Asset Management Inc. Sells 340 Shares of KKR & Co. Inc. $KKR

Securian Asset Management Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,335 shares of the asset manager’s stock after selling 340 shares during the period. Securian Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $38,000. GW&K Investment Management LLC lifted its holdings in shares of KKR & Co. Inc. by 44.6% during the 1st 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 in the last quarter. Finally, SouthState Corp bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $44,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 3.1%

NYSE:KKR opened at $123.88 on Wednesday. The firm has a market capitalization of $110.37 billion, a price-to-earnings ratio of 57.62, a price-to-earnings-growth ratio of 1.35 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock’s 50 day moving average price is $135.34 and its two-hundred day moving average price is $129.04. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.09 EPS. Equities research analysts expect 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 declared 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 positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 34.42%.

Analysts Set New Price Targets

Several equities research analysts have commented on KKR shares. BMO Capital Markets started coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price on the stock. Barclays boosted their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at $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 available through this link. 39.34% of the stock is owned by company insiders.

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.