Atria Wealth Solutions Inc. Has $348,000 Stock Holdings in KKR & Co. Inc. $KKR

Atria Wealth Solutions Inc. cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 95.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,618 shares of the asset manager’s stock after selling 55,263 shares during the period. Atria Wealth Solutions Inc.’s holdings in KKR & Co. Inc. were worth $348,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in KKR & Co. Inc. by 109.6% during 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 during the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Blue Trust Inc. lifted its position in shares of KKR & Co. Inc. by 17.5% in the 1st quarter. Blue Trust Inc. now owns 2,715 shares of the asset manager’s stock worth $314,000 after purchasing an additional 404 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $2,265,000. Finally, Hudson Value Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $906,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KKR. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.20.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $120.20 on Tuesday. The company has a fifty day moving average of $135.80 and a 200-day moving average of $129.08. The firm has a market capitalization of $107.09 billion, a P/E ratio of 55.91, a P/E/G ratio of 1.32 and a beta of 1.91. 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. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data 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. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.09 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’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 sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.34% of the company’s stock.

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.