Brighton Jones LLC Decreases Position in KKR & Co. Inc. $KKR

Brighton Jones LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 35.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,034 shares of the asset manager’s stock after selling 1,665 shares during the quarter. Brighton Jones LLC’s holdings in KKR & Co. Inc. were worth $404,000 as of its most recent SEC filing.

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

Insider Buying and Selling

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 transaction of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $118.54 on Thursday. The company’s fifty day moving average price is $132.80 and its 200 day moving average price is $130.06. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month 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. The firm has a market capitalization of $105.61 billion, a P/E ratio of 55.13, a P/E/G ratio of 1.36 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.09 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on KKR shares. JMP Securities reissued a “market perform” rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

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.