Kingswood Wealth Advisors LLC Sells 233 Shares of KKR & Co. Inc. (NYSE:KKR)

Kingswood Wealth Advisors LLC lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,953 shares of the asset manager’s stock after selling 233 shares during the period. Kingswood Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $3,415,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $27,000. Blue Trust Inc. lifted its position in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after buying an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Missouri Trust & Investment Co raised its holdings in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $41,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on KKR shares. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. JMP Securities increased their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $116.00 price target on shares of KKR & Co. Inc. in a research report on Friday, June 21st. Finally, Jefferies Financial Group cut their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

KKR & Co. Inc. Trading Down 1.5 %

Shares of KKR stock traded down $1.66 during trading hours on Wednesday, hitting $105.76. 4,425,829 shares of the company’s stock traded hands, compared to its average volume of 5,099,196. The stock’s 50 day simple moving average is $102.54 and its 200 day simple moving average is $95.18. The stock has a market cap of $93.85 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. KKR & Co. Inc. has a 12 month low of $52.95 and a 12 month high of $113.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.04 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.